Australia to grant $270M to renewable energy firms
Bloomberg reports that Australia is close to allocating $270 million in renewable-energy grants as it seeks to reduce carbon pollution and spur development of clean-power technology. The Australian government’s Renewable Energy Demonstration Program is aimed at sparking the commercial use of emerging ocean, geothermal and other technologies. Australia is pursuing a target of deriving 20% of its power from clean energy by 2020. Firms that have applied for grants include Geodynamics Ltd. and Petratherm Ltd., developers of hot-rock geothermal projects.
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May 10, 2012
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May 09, 2012
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