Australian news, and some related international items

Carnegie raises $18m for Northam solar farm and micro-grids 

By Giles Parkinson on 20 April 2017  Carnegie Clean Energy plans to accelerate its project pipeline of large scale solar farms and renewable-based micro-grids after  securing $18 million in a new capital raising – three times more than its original target.

The listed Perth-based company says the money will be used to fund its equity share of the soon-to-be-built 10MW solar farm in Northam, in West Australia, as well as accelerating its other solar projects and renewable-focused micro-grids.

The company, which has recently transformed from a single-focused wave energy developer to encompass solar, storage and micro-grid technologies, had planned a $6 million capital raising, but expanded the process in response to “overwhelming” demand from shareholders……


April 21, 2017 - Posted by | energy, Western Australia

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: