Clean Energy Companies Seek Australian Grants

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"Australia aims to generate 20% of its power from renewables by 2020. At least a third of the grant money will go to geothermal companies."

Bloomberg, James Paton

The Australian government started accepting applications for a renewable energy funding program aimed at spurring the development of "emerging" geothermal, wave, solar and other technologies, Energy Minister Martin Ferguson said today in a statement. At least a third of the grant money, or A$42M, will go to geothermal companies, Ferguson said.

Australia, the developed world's biggest per-capita polluter, has set a target of generating 20% of its power from renewable energy sources by 2020. . .View full article

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