Clean Energy Companies Seek Australia’s A$126 Million of Grants
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Carnegie Wave Energy Ltd., Panax Geothermal Ltd. and Petratherm Ltd. are among companies planning to apply for A$126 million ($131 million) of Australian government funding set aside to help renewable energy projects.
"We will be seeking as great a contribution as we can possibly get," Kerry Parker, managing director of Brisbane-based Panax Geothermal, said in a phone interview today. "Our main challenge is funding. The clear message from investors over the last six to 12 months is that they want to see a far greater portion of the costs contributed by the government."