RENEWABLE ENERGY

Hot Rock pulls out of German project

GEOTHERMAL company Hot Rock Ltd has decided to withdraw from the Bernried Geothermal project in Germany due to the current financial environment and will focus instead on its five Otway Basin geothermal permits in Victoria.

Marija Stojkovic

The company said it does not believe the project with private German company Bernried Erdwarme is in the best interests of shareholders in the current environment. The company added the decision was...

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