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Image of Carnegie's underwater wave energy array

Collaboration Agreement signed with Mauritius Government

Wave energy developer Carnegie Wave Energy Limited (ASX: CWE) is pleased to announce it has signed a Collaboration Agreement with the Mauritius Research Council (MRC) to explore opportunities for commercial wave energy plants in Mauritius.

Following on from the recently announced MOU with the Government of Seychelles, the collaboration agreement focusses on identifying the opportunities and development pathways for commercial wave energy plants in Mauritius, including their integration into the existing infrastructure, to provide a sustainable source of clean electricity and desalinated water.

Carnegie is looking forward to working with the Mauritius Research Council and progressing the development of a CETO project in Mauritius. With an excellent wave resource, large population and high energy costs, Mauritius is an attractive location for Carnegie to explore the application of CETO in an island market.

Carnegie’s Project Development Officer, Mr. Tim Sawyer

About Mauritius Research Council

The Mauritius Research Council acts as a central body to advise Government on Science and Technology issues and to influence the direction of technological innovation by funding research projects in areas of national priority and encouraging strategic partnerships.

About Carnegie

Carnegie Wave Energy Limited is an Australian, ASX-listed (ASX:CWE) wave energy technology developer. Carnegie is the 100% owner and developer of the CETO Wave Energy Technology intellectual property. Carnegie is focussed on commercial opportunities in key target markets including UK, Europe and remote islands.

About CETO

The CETO system is different from other wave energy devices as it operates under water where it is safer from large storms and invisible from the shore. CETO technology characteristics include: •

Converts ocean wave energy into zero-emission electricity and desalinated water.

Environmentally friendly, has minimal visual impact and attracts marine life.

Fully-submerged in deep water, away from breaking waves and beachgoers.

CETO 6 Project Fact File

The CETO 6 unit has a targeted 1MW (1000kW) power capacity, some four times of the current CETO 5 generation being used in the Perth Project. It will have a superior efficiency, lower capital and maintenance costs than any CETO product generation developed to date. The CETO 6 Project is supported by $11m in Australian Government grant funding through the Australian Renewable Energy Agency’s Emerging Renewables Program and a five year $20 million loan facility from the Australian Clean Energy Finance Corporation. The clean, renewable energy generated by the Project will be sold to the Australian Department of Defence at Australia’s largest naval base, HMAS Stirling, on Garden Island in Western Australia.

For more information:

Dr Michael Ottaviano, CEO & Managing Director

Carnegie Wave Energy Limited +61 8 9486 4466 enquiries@carnegiewave.com Website: www.carnegiewave.com