Carnegie Clean Energy Monetises Basque R&D Tax Deductions for €773,000

Carnegie Clean Energy Ltd ( (AU:CCE) ) just unveiled an announcement.

Carnegie Clean Energy’s Spanish subsidiary, Carnegie Technologies Spain, has monetised its 2025 Basque research and development tax deductions linked to the ACHIEVE Programme, securing €773,163 (about A$1.37 million) in cash funding from third-party financiers, less approximately €70,000 in associated fees. The binding tax assessment recognises the ACHIEVE Programme, including eligible spending on CETO components, as R&D for 2025–2027, enabling the creation and sale of tax deductions; the resulting non-dilutive funding strengthens Carnegie’s balance sheet and supports ongoing deployment and validation of its CETO wave energy technology in the Basque region, advancing its commercialisation pathway and reinforcing its positioning within Europe’s emerging wave energy ecosystem.

The most recent analyst rating on (AU:CCE) stock is a Hold with a A$0.07 price target. To see the full list of analyst forecasts on Carnegie Clean Energy Ltd stock, see the AU:CCE Stock Forecast page.

More about Carnegie Clean Energy Ltd

Carnegie Clean Energy Ltd is an Australian technology developer focused on ocean energy, specialising in wave energy conversion through its proprietary CETO and MoorPower technologies. Operating via subsidiaries including Carnegie Technologies Spain and CETO Wave Energy Ireland, the company targets sustainable power generation by capturing energy from ocean waves and converting it into electricity, leveraging advances in artificial intelligence and electric machines to optimise efficiency. It has a long track record in ocean energy and is progressing commercialisation through projects such as the ACHIEVE Programme at the Basque Marine Energy Platform in Spain.

Average Trading Volume: 244,645

Technical Sentiment Signal: Sell

Current Market Cap: A$26.91M

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