Cash boost for renewable energy projects  

The Business Spectator reports that the federal government has made some new announcements about renewable energy funding, with geothermal and wave power getting most of the money - Cash boost for renewable energy projects.

The federal government has boosted its investment in renewable energy through $235 million in funding which will go to four commercial-scale projects. Resources Minister Martin Ferguson said the funding - combined with money from the successful applicants to the program - will deliver about $810 million in renewable energy investment in Australia. ...

Petratherm will receive $62.762 million for an engineered geothermal system located adjacent to the Beverley uranium mine, while Geodynamics will receive $90 million for its hot-rock geothermal energy project to be located in the Cooper Basin in the state's north east. The Geodynamics project will be the world's first multi-well hot fractured rock power project.

Victorian Wave Partners will get $66.465 million to construct the first commercial scale ocean energy project in Australia off Portland.

The Hydro-Electric Corporation, or Hydro Tasmania, will receive $15.280 million for its King Island renewable energy integration project. The project will integrate wind, solar and energy storage with a bio-diesel generator to provide baseload and peak power for the King Island mini grid system, which uses diesel generators for its primary energy supply.