funding announcement, page-26

william

i imagine few private investors on hc have burned more than me on geothermal energy investments. if i added up my total previous losses on PAX, GDY, PTR and TEY then it would be well into the six figures. (i'm too scared to actually work it out!)

yes, the australian regulators have been unkind to the renewable energy industry, and geothermal in particular.

PAX have taken a clever to strategy to concentrate on indonesia which has great geothermal resources and seems supportive of geothermal businesses. the down side is PAX has to deal with indonesian bureaucracy, opaqueness and, possibly, corruption. the delay with PPAs is typical of these issues.

good luck with whatever you decide to do with your PAX (and other renewables) investments ...

k