Carnegie shareholders approve EMC buy, name change

L to R: Carnegie's MD, Michael Ottaviano; EMC's MD, John Davidson (Photo: Carnegie Wave Energy)

The shareholders of Carnegie Wave Energy have approved the acquisition of Energy Made Clean (EMC), along with the company’s plans to change its name.

Australian wave energy developer informed that its shareholders voted overwhelmingly in favor of acquiring the remaining 65% of solar and battery microgrid developer EMC, clearing the final condition precedent to Carnegie’s 100% acquisition of EMC.

The transaction will be executed next week, December 6, 2016, Carnegie said.

The shareholders have also approved Carnegie’s plans to change the name of the company to Carnegie Clean Energy Limited.

The name change follows the acquisition of EMC, and reflects Carnegie’s expanded clean energy interests across wave, solar, battery and microgrids.

Share this article

Follow Tidal Energy Today

Events>

<< Jul 2017 >>
MTWTFSS
26 27 28 29 30 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30
31 1 2 3 4 5 6

PhD Course on Numerical and experimental modelling and control of Wave Energy Converters

The main objective of this course is to train each participant to the numerical and experimental modelling and control of Wave Energy…

read more >

Offshore Energy 2017

Offshore Energy Exhibition & Conference (OEEC) is Europe’s leading offshore energy event. It is unique in bringing together the oil & gas…

read more >