Australian taxpayers have a miniscule win as Paralana geothermal project in outback SA is shelved

Our ABC reports – Petratherm shelves Paralana geothermal project in outback SA – apparently due to a lack of funds. “The Paralana project had secured $24.5 million as a Renewable Energy Development Program grant but could not raise another $5 million needed.”

Does anybody know why Petratherm could not raise a paltry $5mill to get their seven-megawatt geothermal electricity generator running? PTR ASX reports here.

2 thoughts on “Australian taxpayers have a miniscule win as Paralana geothermal project in outback SA is shelved”

  1. Maybe they should have approached our island living, Carbon Cate or Graeme Wood (Wotif) or Al (a million degrees) Gore. They’re not short of a few bob.

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