www.greenearthenergy.com.au
Greenearth Energy (ASX: GER) is a diversified Australian renewable energy company that has interests in conventional geothermal resources in Australia, Indonesia and the wider Pacific Rim as well as technology opportunities and project applications in the waste heat recovery, energy efficiency, combined heat and power solar and CO2 to fuel conversion markets.
Greenearth Energy's projects and technologies are designed to deliver energy security outcomes in a carbon constrained world.
The company listed on the Australian Securities Exchange (ASX) on the 4 February 2008.
Greenearth Energy's A$7m funding grant negotiations extended
Victorian renewable energy company Greenearth Energy (ASX: GER) was informed on 14 July by the Australian Centre for Renewable Energy (ACRE) that the negotiation period for the $7 million Geothermal Drilling Program (GDP) funding agreement would be extended a further 30 days until 16 August, 2010, due to delays in the negotiation process.
On 20 May the company received the draft GDP funding agreement from the newly formed ACRE within the Department of Resources, Energy and Tourism (DRET) for the company's flagship Victorian geothermal energy project, the Geelong Geothermal Power Project.
The company was subsequently advised by ACRE that it has until 17 July, 2010 to execute the agreement allowing an initial drawdown of funds in support of the company's flagship hot sedimentary aquifer (HSA) geothermal energy project located in the Wensleydale - Gherang area northwest of Anglesea, Victoria.
Greenearth Energy is also negotiating contracts with the Victorian State Government further to being awarded $25 million in late 2009 under the Energy Technology Innovation Strategy (ETIS) program for large scale, pre-commercial, sustainable energy demonstration projects for its Geelong Geothermal Power Project.
The Victorian Government awarded the Geelong Geothermal Power Project $5 million for the Stage 1 Proof of Resource and, upon successful completion of Stage 1, a further $20 million for the Stage 2, 12MWe geothermal energy demonstration plant.
Mark Miller, managing director, said Greenearth Energy's Geelong Geothermal Power Project Stage 1 Proof of Concept is in a unique position, being supported by both State and Commonwealth funding totalling $12 million.



















