Despite Australian energy cuts, Geothermal is still very relevant
Double Island Point, Queensland, Australia (source: flickr/ Michael Dawes, creative commons)
Francisco Rojas
15 May 2014
Petratherm shares an interesting article on geothermal energy in Australia and recent news on government cut backs on renewable energy programs, including geothermal.
In the wake of the recent cuts, Australian geothermal companies are managing to make the best of the current situation. The current situation has angered both industry professionals and investors alike, forcing a state of “make or break” for the geothermal sector.
PetraTherm seems to have secured some significant grants worth $ 40.5m that were signed before the cuts.
While government help is always appreciated, a big burden now falls on the private side; looking for private investment and securing future projects.
To read the full article, please visit the following link:
Source: PetraTherm Website
