Carnegie Clean Energy Monetises Basque R&D Tax Incentives to Strengthen Funding Position
Carnegie Clean Energy Limited (ASX: CCE) has successfully monetised eligible research and development tax deductions through its wholly owned Spanish subsidiary, Carnegie Technologies Spain, generating cash proceeds of approximately AU$ 1.37 million for the calendar year two thousand and twenty five. The funding follows the receipt of a binding tax assessment recognising the ACHIEVE Programme as qualifying research and development activity under the Basque tax system for two thousand and twenty five through two thousand and twenty seven. This approval enables the creation and transfer of R&D tax deductions linked to eligible expenditure, including procurement of key CETO wave energy components. The tax credits were sold to third-party financiers under the Basque Country’s incentive framework, with transaction costs of approximately AU$ 0.12 million equivalent. All proceeds are expected to be received before year end. The transaction provides non-dilutive funding to support Carnegie’s ongoing ocean energy development activities and progress the commercialisation pathway of its CETO technology.
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Carnegie Clean Energy Monetises Basque R&D Tax Incentives to Strengthen Funding Position
Carnegie Clean Energy Limited (ASX: CCE) has successfully monetised eligible research and development tax deductions through its wholly owned Spanish subsidiary, Carnegie Technologies Spain, generating cash proceeds of approximately AU$ 1.37 million for the calendar year two thousand and twenty five. The funding follows the receipt of a binding tax assessment recognising the ACHIEVE Programme as qualifying research and development activity under the Basque tax system for two thousand and twenty five through two thousand and twenty seven. This approval enables the creation and transfer of R&D tax deductions linked to eligible expenditure, including procurement of key CETO wave energy components. The tax credits were sold to third-party financiers under the Basque Country’s incentive framework, with transaction costs of approximately AU$ 0.12 million equivalent. All proceeds are expected to be received before year end. The transaction provides non-dilutive funding to support Carnegie’s ongoing ocean energy development activities and progress the commercialisation pathway of its CETO technology.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au