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III. NATIONAL ACTIVITIES AUSTRALIA CHAPTER 8 Australia 8.1 Introduction Geothermal energy becomes better known in the Australian community because of publicity associated with the hot fractured rock project operated by Geodynamics Limited in the Cooper Basin. Geodynamics completed its second well, Habanero-2, a production well 500 m south west of its injection well, Habanero-1 (see Figure 8.1 showing steam production). The well was completed at a depth of 4,358 m. Pressure communication between the two wells was established during the drilling phase. The 35 Mpa overpressures encountered will be tested in 2005 for natural geothermal production and for energy extraction by circulation between the two wells. Geodynamics is also actively seeking projects to develop Kalina Cycle electricity generation based on its exclusive Australasian license of the patented process. Several other companies are making attempts to commercialize geothermal energy, particularly in South Australia. 8.2 National Policy 8.2.1 Strategy Geothermal energy is included in the National Mandatory Renewable Energy Target (MRET) of 9,500 GW of new renewable electricity by the year 2010. 8.2.2 LegislationandRegulation Three states, South Australia, New South Wales and Queensland have legislation in place to control geothermal exploration and development. The regulations governing the Queensland legislation are still not completed. 8.2.3 Progress Towards National Targets The review of the MRET target was completed with a result that it would not change. The Government has placed a new emphasis on carbon capture and sequestration. 8.2.4 Government Expenditure on R&D This year the Government provided $1.5 million to Geodynamics Limited. 8.2.5 Industry Expenditure on R&D All Geodynamics Cooper Basin field expenditure is classed as R&D, and is estimated at $17 million for the 2004 calendar year. IEA Geothermal R&T Annual Report 2004.doc 52PDF Image | Geothermal Energy Annual Report 2004
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