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.
Lots of good news in this ABC article –
Renewable target uncertainty killing clean energy says Infigen boss
www.abc.net.au/news/2014-07-22/renewable-target-uncertainty-killing-clean-energy-infigen-boss/5615534
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.