Thursday, June 6, 2013

Australia:

Green Rock Energy Secures Synergy Support for Perth Basin Geothermal Power Project (Proactive Investors Australia)

Green Rock Energy has lined up Western Australia’s largest electricity retailer, Synergy, as a potential offtake partner for its planned Perth Basin geothermal power projects.

Under the Memorandum of Understanding, Synergy, energy explorer and producer AWE Australia, and renewables generator Pacific Hydro have all signed on to support the planned demonstration project.

Synergy said the agreement aligned well with its ongoing commitment to explore emerging energy technologies and that if the demonstration project proved successful, it would become the offtake entity for any future energy arrangements.

Green Rock plans to tap the geothermal energy from hot sedimentary water aquifers in the Perth Basin to generate electricity with the demonstration project targeting generation capacity of up to 5 MWe.

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