Geothermal startup Greenearth Energy (GER) has won a $7 million grant from the Federal Government to support its Geelong Geothermal Power Project.
And Greenearth last week won a $5 million grant for the same stage of the project from the Victorian Government.
The project is now endorsed by grant programs totaling $32 million, and proof-of-concept drilling is expected to commence in the second half of 2010.
“With such unanimous endorsement in our project we look forward to achieving our immediate prority of securing the remaining funding to commence [stage 1] as soon as possible,” managing director Mark Miller said.
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