Tuesday, 9 August 2011

More renewable grants scrapped

Meanwhile, on the other side of the world, the Sydney Morning Herald reports that the Australian government has scrapped a multi million grant program for geothermal drilling projects. Unable to attract private investors, the Government is closing the drilling grants and putting the $126 million into another emerging renewable energy program. The set back means 4 companies have scrapped drilling operations, leaving just one company moving onto the second round of promised grants. The new fund will target solar, ocean and other geothermal technologies. photo credit: keith williamson

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