Summaries - Australian Financial Review
Thursday 10/9/2009 Page: 1
The Victorian government, in a submission to the Boston Consulting Group, has questioned the funding arrangements for the Rudd government's flagship A$1.5 billion solar energy scheme. BCG is advising the Federal Government on the plan, after advising on developing the Global carbon capture and storage Institute last year. The Government plans to spend A$1.5 billion over six years to support the construction of four 250 MW solar energy plants in Australia by 2015. However, the Victorian Department of Primary Industries claims that the scheme would be more commercially viable if funding were shared among a larger number of smaller projects.
Investec said the Government needed to raise the level of public funding per MW of energy produced. The project has previously been criticised by the Clean Energy Council. Meanwhile, the Australian Geothermal Energy Association this week revealed modelling showing that geothermal plants in South Australia could deliver major benefits if transmission lines are built early, and Petratherm said geothermal could help push down electricity prices.
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