Fremantle based Carnegy Wave Energy has acquired 100% of the Australian Energy Made Clean solar company, adding 65% of the shares to the 35% they already had.
AEMC are specialists in the design, construction and operation of microgrids and large-scale commercial solar projects and storage systems.
Carnegie managing director Michael Ottaviano said that “The potential for the global microgrid market is estimated at US$40 billion by 2020. This acquisition unlocks Carnegie’s ability to deliver a unique, in-house capability to capitalize on a rapidly growing segment of the renewable energy market globally.
“Microgrids are increasingly a major part of the renewable energy market as they can deliver cost competitive, clean power and energy security.”
Maybe this is the right time for all those who like to play on the stockmarket to buy shares in Fremantle based company Carnegy Wave Energy, who installed their first underwater electricity-generating buoy in the Indian Ocean near Garden Island off the coast of Fremantle.
Once connected to the grid in a few weeks time the company will supply power to the HMAS Stirling naval base and it will even deliver fresh water through the wave energy technology.
I know experts say the stockmarket is the biggest casino in the world, but I reckon buying Carnegy shares might put you on a winner. Buy CWE shares for Christmas!