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"Powering islands and other remote communities through a combination of interconnected solar, wind and wave power plants is the focus of a $4.5 million deal between two Western Australian renewable energy innovators, Carnegie Wave Energy and Energy Made Clean.

The deal, to be announced on Tuesday, will see ASX-listed Carnegie invest $3 million in cash and $1.5 million in stock to take a 35 per cent stake in EMC, a Perth-based developer of commercial-scale solar and micro-grid operations.

The link between the two will tap into the fast growing market for micro-grids, which usually involve several renewable energy sources connected together with storage and a control system, but separate from the main power grid. Carnegie chief executive Michael Ottaviano said the global micro-grid market is expected to expand 10-fold from 2013 to be worth $US40 billion by 2020."



Read more: http://www.smh.com.au/business/ener...m-emc-deal-20160321-gnn79z.html#ixzz43Z8CBbJE