Geodynamics exploring Solar power options

Erakor Island Resort, Efate, Vanuatu (source: flickr/PhillipC creative commons)
Alexander Richter 30 Nis 2015

Geodynamics seeks to diversify its operations outside of geothermal and secure value enhancing opportunities in the clean technology sector, so Geodynamics' CEO.

Geodynamics has released a quarterly update for this year, and the highlights are:

  • Receipt of environmental approvals for the exploration phase of the Takara Geothermal Power Project in Vanuatu.
  • Continued progress to complete remediation works and reduce liability associated with geothermal permits in the Hunter Valley, NSW and Innamincka, SA (Cooper Basin).
  • Registration of GDY Solar as an exempt retailer so allowing GDY to offer Solar Power Purchase Agreements to businesses and tenants in the commercial, industrial, educational and government sectors.

Managing Director and Chief Executive Officer Geoff Ward explains that “Our primary focus is on opportunities relating to the continuing rollout of distributed energy in Australia; in particular the major transformation that solar PV is leading. Our focus areas include solar PV supply and financing, energy storage, energy efficiency, energy services and micro-grids.”

Other activities, goals and future developments are discussed.

To read the full press release, please follow the link below:

Source: Press Release by Geodynamics