You need to ask do your research/ clarify your info on the status of the ceto at GI. As I understand It was pulled out of the water after 1 year of operation so they could get a tax credit. I suspect the buoys were sold for scrap metal or used as a display purpose. As they are no longer in the water. The western power site is incorrect unless somethings happened that has not been released to market. Confirm with Carnegie as you are making yourself look silly by making statements of fact that aren’t actual fact.
With regards to desal yes they have a desal plant but it is currently operated by grid power to pump the water through the desal facility rather than utilizing the 3 buoys of ceto5 which pumped the water to shore while the trial operated. The ceto 5 buoy are out of the water. So they were utilizing the SWIS Grid to operate the Desal plant. I suspect that the new Solar station at GI would be utilized for Desal now but I’m not certain if that was for desal and power or just power alone.
Hopefully things turnaround! dollar cost averaging for those that have Cash that they can afford to lose. CCE made a monumental mistake so hopefully they can recover much like iinet did when they dropped to 69cents as they “lost” money. We have another ~9 months before we’ll see any foundation placement and ceto6 buoys and other equipment start to appear on the docks before they implement. Hopefully they don’t delay again and we can get there....
CCE Price at posting:
1.3¢ Sentiment: Buy Disclosure: Held
