So with EMC gone, a much leaner CCE will have a better chance of controlling it's finances, right?
They do have approximately $26 m set aside to fund the deployment of a single Ceto 6M, so I would say that is covered.
Unlike the Perth Wave Energy Project (whose responsibility all fell upon CWE), the Albany facility is shared.
CCE can focus on the platform (Ceto 6M), while much of the ancillary infrastructure is shared among other entities.
Other companies and research facilities are working toward providing the right foundations, power take off system, buoy construction material, etc.
The income received from Garden Island and Northam should be enough to sustain the company through this critical period of development.
Enel Green Power has not just discovered CCE, they already had an agreement in place in Chile, (going back several years). I doubt that they would still have any interest in CCE unless they thought the company had a future.
