An Important Step Forward to a Clean Energy Futre
“Australia’s geothermal energy industry today congratulated the Gillard Government on its resolution of the emissions pricing uncertainty which has plagued Australia now for over a decade”, AGEA’s CEO Susan Jeanes said in Adelaide today."
“The announcement of $10b The Clean Energy Finance Corporation to supplement the $3.2b in existing funding for the industry is also an important step forward, but again, the industry and its potential investors need to see the details before funds will flow into clean energy projects. The geothermal industry urges that the detail around how the existing funds and future funding provided through the new Corporation will support the development of our projects now and not some months or years into the future so that projects can be developed in time to meet the timing of the emissions targets.
“Geothermal energy is widely predicted to be the cheapest form of clean energy into the future. It is the only baseload renewable technology on the horizon with the capability to replace the large coal generators operating in the market now over the longer term.
“Potential investors need to see that government is prepared to bear its share of the technology and resource risk in early projects now unlike existing funding programs and this detail must be spelled out quickly”, Susan Jeanes said today.
Contact: Ms Susan Jeanes mobile 0419 833 556 and susan@agea.org.au
more information
“The announcement of $10b The Clean Energy Finance Corporation to supplement the $3.2b in existing funding for the industry is also an important step forward, but again, the industry and its potential investors need to see the details before funds will flow into clean energy projects. The geothermal industry urges that the detail around how the existing funds and future funding provided through the new Corporation will support the development of our projects now and not some months or years into the future so that projects can be developed in time to meet the timing of the emissions targets.
“Geothermal energy is widely predicted to be the cheapest form of clean energy into the future. It is the only baseload renewable technology on the horizon with the capability to replace the large coal generators operating in the market now over the longer term.
“Potential investors need to see that government is prepared to bear its share of the technology and resource risk in early projects now unlike existing funding programs and this detail must be spelled out quickly”, Susan Jeanes said today.
Contact: Ms Susan Jeanes mobile 0419 833 556 and susan@agea.org.au
more information
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