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……http://reneweconomy.com.au/carnegie-raises-18m-for-northam-solar-farm-and-micro-grids-19682/
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