The latest carbon ad, paid for again by the Australian taxpayer to further ‘educate’ us about renewable energy.
This advertisement features Geodynamics, a renewable energy company that has spend the last ten years trying to develop geothermal energy production near Innamincka in northern South Australia.
How many Megawatts has Geodynamics produced in electricity?
Geodynamics has spent ten years spruiking its grand plans. This Greens/Labor Government ad states that 10 percent of Australia’s power could come from geothermal, yet in ten years with ten of millions of dollars of government subsidy Geodynamics has produced not one watt of power.
Geodynamics got its first $5 million government subsidy in 2005. In April 2007 Geodynamics chief executive Adrian Williams said that by 2010 they would be provide some power into the grid, so far zero.Â In November 2009 Geodynamics was awarded $150 from theÂ Renewable Energy Demonstration Program (REDP), still no power.
In October 2008 Geodynamics announced it would provide a demonstration plant and provide power to the town of Innamincka, population 12, by early 2009.Â Now this is the company that this Labor Government advertisement is pushing as potentially providing ten percent of Australia’s base-load power. Have they managed to power the 12 people people in Innamincka in the following almost three years?