Administrators for Carnegie Clean Energy reveal the parlous state of the company's finances, confirming it had just over $3,000 cash in the bank when it went into voluntary administration last month.
Wave energy hopeful Carnegie Clean Energy goes into voluntary administration, three days after the WA Government cancels a $16 million contract for the company to build a wave farm in Albany.
The WA Government terminates a $16 million wave power agreement with Carnegie Clean Energy for a project off the state's south coast, amid growing uncertainty about the company's financial position.
A green energy project by Carnegie Clean Energy that would power homes in a marginal electorate — it seemed like an irresistible political prospect. So how did things go so wrong?
Long-suffering Carnegie Clean Energy shareholders use the wave power company's AGM to question its ability to remain afloat, while also receiving bad news about the sale of its solar subsidiary.
The Federal Government is facing an uphill battle to convince some states to back the National Energy Guarantee, with some leaders saying the plan's targets are too low to drive any new investment in renewable energy.
Fixing the gas price crisis is the short-term fix to Australia's soaring electricity prices but the long game is greater investment in renewables and energy storage, writes Ian Verrender.