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Article: Australia: Oz pumps money into geothermal and wave power.
- Article from:
- TendersInfo
- Article date:
- November 10, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: sanjayV03
The Australian government is to partially fund the development of two flagship geothermal "hot rock" plants and a 19MW wave energy project after announcing long-awaited grants under its Renewable Energy Demonstration Program.
The government awarded A$235m (US$218m, [pounds sterling]131m) to four different projects, which were whittled down from an initial application list of 61 projects worth a combined A$16bn.
The largest amounts went to two Australian geothermal companies, Geodynamics and Petratherm, which are both developing energy from experimental enhanced geothermal systems, which aim to fracture super-heated rocks ...