CLIMATE SPECTATOR: Flight of fortunes

In the current geothermal market, Australian companies are looking to developing nations for the opportunity to become rich enough to invest in their own country.

Australian geothermal companies are making a beeline for Indonesia and other countries on the Pacific Rim, lured by reduced technology risk and the sort of incentives they could only dream of in their own country.

Australian companies such as Panax Geothermal, Greenearth Energy and Origin Energy have signed joint ventures in Indonesia to take advantage of that country’s determination to become the world leader in geothermal energy production.

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