Geodynamics and Origin Energy have signed a memorandum of understanding (MoU) for exploration of geothermal potential in shallow geothermal resources in license areas that already exist for the joint venture, in Eromanoga Basin in South Australia.
The new MoU is a separate document from the already existing joint venture between the two companies, which has been referred to as Innamicka Joint Venture. This JV has now been renamed to Innamicka Deeps Joint Venture.
The new JV, dubbed Innamicka Shallows Joint Venture, is split right down the middle in terms of ownership. Origin Energy will assume the role of JV operator. The new project will focus on exploration at depths of about 3000 meters, where lower temperature reservoirs are expected to exist.
Both companies are hoping to achieve diversification in supplies of geothermal energy, providing investors with access to an extended geothermal portfolio.
[source: Geodynamics, image: Geodynamics]
Solar EnerTech has entered into a 15 MW contract with Aussie Solar Installations, a division of Carbon Management Solutions, to distribute the company's solar panel modules in Australia.
According to analyists, there is potential for generating renewable power from hot rocks. The McArthur River area has been emphasized as the area with higher temperatures than normal, and it is expected this area will attract the most interest from geothermal developers. One of the obstacles for geothermal development is the inability for geothermal power producers to export generated power to the national grid.
Suzlon Energy Australia, Suzlon Energy's subsidiary "down under", just received a repeat order to supply Infigen Energy with 42 MW worth of S88 wind turbines, each with 2.1 MW of capacity.
