Carnegie Offers Shares at $0.057 to Fund 6MW CETO Project and MoorPower Pilot
Carnegie Clean Energy is closing its Share Purchase Plan on 8 September, offering shareholders a discounted entry to fund key ocean energy projects. The capital raise aims to accelerate development in Europe, the US, and Australia.
- Share Purchase Plan closes 8 September 2025
- Shares offered at $0.057, discounted from $0.0712
- Investment range from $1,000 to $30,000 without brokerage fees
- Funds to support 6MW CETO Project at Basque Marine Energy Platform
- Capital to advance MoorPower pilot and expand business development
Share Purchase Plan Deadline Approaching
Carnegie Clean Energy Limited (ASX – CCE) has announced that its Share Purchase Plan (SPP) will close on Monday, 8 September 2025, at 5 – 00 PM AWST. Eligible shareholders in Australia and New Zealand have a final opportunity to increase their stake in the company by purchasing shares at a discounted price of $0.057 each, compared to the pre-SPP trading price of $0.0712.
The SPP allows investments ranging from $1,000 up to $30,000 without incurring brokerage or transaction fees, making it accessible for both small and larger shareholders. This initiative is designed to encourage shareholders holding less than a marketable parcel to top up their holdings, potentially increasing shareholder engagement and capital base.
Funding Strategic Ocean Energy Projects
Funds raised through the SPP will primarily support the development of Carnegie’s recently announced 6MW CETO Project at the Basque Marine Energy Platform (BiMEP) in Spain. This project is a critical step in the commercialisation of Carnegie’s ocean wave energy technology, which harnesses the power of ocean waves to generate renewable electricity.
In addition to the CETO Project, the capital will accelerate business development activities in Europe and the United States, regions where Carnegie is actively expanding its footprint. The funds will also advance the MoorPower Commercial Pilot Project, another innovative technology aimed at capturing ocean energy.
Broader Context – Innovation and Collaboration
Carnegie’s ocean energy technologies, including CETO and MoorPower, leverage advances in artificial intelligence and electric machines to optimise energy capture and efficiency. The company’s involvement in collaborative initiatives such as the ACHIEVE Programme and EuropeWave PCP highlights its commitment to innovation and partnerships within the renewable energy sector.
The ACHIEVE Programme, supported by Spanish and Basque government grants, involves deploying a CETO prototype at BiMEP for up to two years to validate performance and accelerate commercialisation. EuropeWave, co-funded by the EU’s Horizon 2020 programme, aims to develop cost-effective wave energy converters that can withstand harsh ocean conditions, aligning with Europe’s green energy targets.
What This Means for Investors
The SPP presents a timely opportunity for shareholders to invest at a discount while supporting projects that could position Carnegie as a leader in ocean renewable energy. However, the success of these initiatives and the company’s growth trajectory will depend on the uptake of the SPP and the execution of its development plans.
Investors should watch closely for updates on subscription results post-SPP close and progress reports on the CETO Project and MoorPower pilot. These will be key indicators of Carnegie’s ability to translate innovation into commercial success.
Bottom Line?
Carnegie’s discounted share offer closes soon, setting the stage for a pivotal phase in ocean energy innovation and commercialisation.
Questions in the middle?
- How much capital will the SPP ultimately raise, and will it meet funding targets?
- What are the timelines and milestones for the 6MW CETO Project at BiMEP?
- How will Carnegie’s expansion in Europe and the US impact its competitive position?
