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Article: United States : Renewable energy in fund boost.

Article from:
TendersInfo
Article date:
November 7, 2009
Copyright

Byline: Mamta03

GEOTHERMAL and wave technologies have been given a boost under a $235 million round of renewable energy grants from the Federal Government.

Energy Minister Martin Ferguson announced the grant money in Canberra yesterday to four commercial-scale renewable energy demonstration projects.

In an expected decision, two South Australian geothermal projects received significant grants - $62 million for Petratherm's 30-megawatt plant and $90 million for Geodynamics' 25-megawatt multi-well power project.

The announcement sent the share prices of Geodynamics and Petratherm soaring. Geodynamics was up 9.6 per cent, or 8cents, to ...

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