Geothermal energy strikes commonsense

The latest shuffling of funding awarded to Petratherm by ARENA is a win for commonsense as more realistic goals are set.

The announcement from the Australian Renewable Energy Agency on Thursday that funding for Petratherm, a geothermal company, would be restructured with more modest objectives was a victory for commonsense. 

Petratherm was originally awarded a $62.8 million grant by the government under the Renewable Energy Demonstration Program to support construction of a 30MW project; as well as $7 million under the Geothermal Drilling Program. 

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