Australia:

Greenearth to plant new power project
(ecogeneration)

3D conceptual model of the

12 megawatt demonstration

stage of the Geelong Geothermal

Power Project. (ecogeneration)

Greenearth Energy has signed a funding agreement with the Victorian Government for the company's proposed 140 megawatt Geelong Geothermal Power Project.

The $25 million grant was awarded under the Victorian Government’s Energy Technology Innovation Strategy.

The funding will assist with two stages of the Geelong Geothermal Power Project’s (GGPP) development – the first being the establishment of a ‘proof of resource’ using $5 million in funding.



This stage will involve the drilling of an initial well to a depth of approximately 4,000 m, and a short-term flow test to analyse the results in terms of temperature, geothermal fluid flow-rate and formation permeability.

A further $20 million will be awarded for stage two – the construction of a 12 megawatt (MW) geothermal demonstration plant.