AGEA has added a new feature to the website, a regular update on industry progress.
The big news this month is the commencement of deep drilling by Panax of their Salamander 1 well at their Penola project site which signals the commencement of the first Hot Sedimentary Aquifer Project in Australia and the third geothermal energy generation project in Australia.
For more information view the new Australian Projects Overview page, accessible through the Geothermal Energy Facts section.
"The Commonwealth Government needs to quantine portions of its Renewable Energy Target (RET) Scheme to fix the problem with the low Renewable Energy Certificate (REC) price and deliver outcomes in the national inteerst"
"Geothermal energy was a big winner from the Renewable Energy Demonstration Program, with two projects worth approximately $535 million receiving Australian Government funding of more than $150 million."
"Energy and Resources Minister Peter Batchelor and Environment Minister Gavin Jennings today announced that Greenearth Energy's proposal was the first to share in $72 million for large-scale, pre-commercial, sustainable energy demonstration projects."
The official opening of a 100Kw GRANEX Pilot Plant facility was opened by Hon Jodi McKay (NSW Minister for the Hunter & Minister for Science) and Hon Minister Peter Primrose (NSW Minister for Mineral Resources)
"Australia's geothermal energy industry received an injection of $153m in funding today to be shared by leading geothermal development companies, Geodynamics and Petratherm at $90m and $63m respectively"
"A new report shows electricity customers in Australia will reap the rewards of early investment linking geothermal projects in the northern part of South Australia to the National Electricity Market."
"The newly formed Australian Emerging Renewable Energy Technology Alliance including developers of some of the world's leading renewable energy technologies and WWF are warning that they may miss out on the Government's proposed Renewable Energy Target (RET) unless vital amendments are made.
"Over 17,000 Australians could be employed in the geothermal energy industry by 2050, according to a report released today by WWF and the Australian Geothermal Energy Association (AGEA)."
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