"The Prime Minister's announcement today of the Government's Climate Change agenda produced a mixed reaction from Australia's emerging geothermal industry". "The industry is disappointed with the absence of any further certainty around how other generation and direct use projects from geothermal energy will develop without further funding commitments - no new funding was announced. The industry has been warning for sometime that new projects will fail to get off the ground without new funding commitments from the Government."
"Australia has a world class geothermal resource and our industry is actively collaborating with the global industry as part of the effort to develop the component technologies that will mainstream all forms of geothermal energy across the world. Many of our Australian industry and research leaders are also leaders in the international arena."
"The geothermal industry remains concerned that no new programs were announced for geothermal energy projects and that the $650m to be shared across all renewable energy and energy efficiency technologies is less than half of what the geothermal industry alone needs to develop its projects in Australia to the point where investors will be satisfied in the technology and in the cost reductions".
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)
RSS Feed 