Signs of hope have emerged for embattled wave energy developer Carnegie Clean Energy, after creditors on Wednesday voted unanimously to accept a restructuring plan to save the company and re-list it on the Australian Securities Exchange.
Carnegie went into voluntary administration last month, and appointed KordaMentha Restructuring to oversee the business and its fully owned solar and micro-grid subsidiary, Energy Made Clean.
A plan to resurrect the companys core wave power business, and to sell or wind down Energy Made Clean, was soon revealed, alongside in principle funding support through company director and shareholder Grant Mooney and key stakeholder Asymmetric Credit Partners.
According to a media statement released on Wednesday, a…
Read the full article at: https://reneweconomy.com.au/carnegie-gets-to-ride-the-wave-again-as-creditors-vote-to-save-company-20817/