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Carnegie Clean Energy Limited (ASX:CCE)
ALERT: Price-sensitive ASX Announcement for CCE
Current share price for CCE : $0.180 -0.02 (-10%)+
Announcement
Release
22 Jul 2026 9:23AM
Price at Release
$0.200
Full Release
Summary
Carnegie Clean Energy Limited announced it has secured firm commitments for a $2.5 million share placement, receiving strong support from overseas investors. The funds will primarily be used for the development of a multi-megawatt CETO wave energy array at the Biscay Marine Energy Platform (BiMEP) in Spain, and for business development activities in Europe and the US. The share placement will also support the deployment and operation of CETO technology through the ACHIEVE Programme and advance MoorPower commercial pilot projects. The share issue price of $0.18 represents a discount on previous trading prices. CMC Markets UK served as the sole lead manager and bookrunner for the placement, receiving a 6% fee on the funds raised.
Key Points
- Carnegie Clean Energy secures $2.5 million share placement with strong overseas investor support.
- Funds to be mainly applied to CETO wave energy development at BiMEP in Spain.
- Activities also include business development in Europe and US and advancing MoorPower projects.
- The issue price of $0.18 represents discounts to various previous share prices.
- CMC Markets UK acted as sole lead manager and bookrunner, earning a 6% fee.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.
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