Government announces $50m for geothermal drilling
Aug 20th, 2008 | By David Harper | Category: AustraliaThe $50 million Geothermal Drilling Program, to be officially announced by Martin Ferguson at an industry conference today, will be used to give grants to cover the cost of drilling geothermal wells. Mr Ferguson said if drilling proves successful geothermal energy could provide a “significant” contribution to the Government’s target of 20 per cent renewable energy use by 2020.