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New South Wales Government NSW Climate Change Fund ~AU$40M total NSW Climate Change Fund ~AU$40M total state. Two grants, to a sum of AU$300,000 (US$314,000), were made to geothermal drilling activities by Green Rock Energy Limited under the Exploration Incentive Scheme administered by the Geological Survey of Western Australia. For more information, see section 8.7.2 and Appendix B. Table 8.2 An overview of grants currently available to the Australian geothermal sector and their relationship to the stages of individual project development. All currency values in Australian Dollars (AU$) and million expressed as ̳M‘ throughout the document AU$1 = US$1.0455 at August 2011. Agency Research & pre-drill Shallow Drilling & Early Exploration Deep Drilling to Resource Depth Proof of Concept Pre-competitive Production Demonstration Production Australian Government (federal) Geoscience Australia (GA) data GDP~ AU$50M total available at AU$7M per project REDP~ AU$435M total available at $50 – 100M per proposal Renewable Energy Credits (RECs) South Australian Government SA PACE ~ AU$1.6M total at up to $100,000 per proposal SA PACE ~ AU$1.6M total at up to $100,000 per well Regional Development Infrastructure Fund Victorian Government Energy Technology Innovation Strategy AU$5 Energy Technology Innovation Strategy Renewable Energy Support Fund AU$20 Western Australian Government Exploration Incentive Scheme ~AU$81M total available at up to AU$200,000 per proposal Exploration Incentive Scheme ~AU$81M total available at up to AU$200,000 per proposal Queensland Government QLD Collaborative Drilling Initiative QLD Renewable Energy Plan ~AU$4.3M Queensland (Qld)- The Queensland Government‘s AUD$5 million (US$5.2 million) Coastal Geothermal Energy Initiative (CGEI) aims to investigate additional sources of hot rocks for geothermal energy close to existing transmission lines. A 12 hole fully-cored shallow-drilling program commenced in November 2010 to assess the geothermal potential of a range of geological settings in Queensland. By the end of the year, two holes were completed. Temperature logging 83PDF Image | Geothermal Research and Tech IEA
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