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2 March 2010

German renewable energy company juwi eyes Americas as international turnover exceeds domestic base

The 2009 turnover of renewable energy project development firm juwi was dominated for the first time by its international business instead of domestic activity in Germany and told NewNet it plans to increase its American wind business in the coming year.

26 February 2010

Ormat’s product segment revenues turn up the dial

US geothermal company Ormat Technologies' revenues increased 20.4 per cent for the year 2009 to $415.2m, remaining consistent with the fourth quarter of 2008.

26 February 2010

Sierra Geothermal drills deep at Alum

Canadian geothermal company Sierra Geothermal Power has started drilling a second deep observation well at its 100 per cent owned Alum project, which is part of the designated Paymaster District geothermal area.

25 February 2010

EU states employ variety of incentives as renewables remain strong focus, study findsp

Renewable energy sources remain a strong focus of European governments with a variety of incentive schemes being deployed, according to a new study by commercial law firm CMS Hasche Sigle.

24 February 2010

Contact and Taheke 8C to develop New Zealand geothermal plant

New Zealand-focused geothermal company Contact Energy and the proprietors of geothermal company Taheke 8C and Adjoining Blocks have agreed to jointly appraise and develop the Taheke geothermal field near Rotorua.

22 February 2010

Geothermal company Southern European Exploration granted Serbian exploration licenses

US renewable energy company Reservoir Capital's wholly-owned subsidiary, Southern European Exploration has been granted three more licenses to explore for geothermal energy in the Vojvodina Region of northern Serbia.

22 February 2010

Japan loans Kenya $375m for geothermal power plant

Japan has announced plans to provide Kenya with JPY29.5bn ($375m) in yen-denominated loans to build a geothermal power plant, according to reports.

19 February 2010

Contact Energy proposes new 250MW geothermal plant

New Zealand power company Contact Energy's application for a fast-tracked resource consent for its 250MW Tauhara geothermal power station will be the first to be considered by New Zealand's Environment Minister Nick Smith under the new Environmental Protection Authority (EPA) process.

18 February 2010

Ormat Technologies agrees to increase capacity of Kenyan Olkaria III geothermal plant

NYSE-listed geothermal developer Ormat Technologies' project subsidiary has signed a letter of intent with Kenya Power & Lighting (KPLC) for further expansion of its Olkaria III power plant by up to 52MW, from 48MW to up to 100MW, within the framework of the existing power purchase agreement.

17 February 2010

Geothermal company Raser receives approval for $32.99m US Treasury grant

The US Treasury has approved a $32.99m renewable energy grant application for US NYSE-listed geothermal technology developer Raser Technologies' Thermo 1 geothermal power plant under the American Recovery and Reinvestment Act of 2009.

17 February 2010

Indonesia’s state electricity firm PLN awards geothermal plant contract to Sumitomo

PT Perusahaan Listrik Negara (PLN), Indonesia's state electricity company, has awarded Japan's Sumitomo a $156.7m engineering contract to build a 100MW geothermal plant.

17 February 2010

Raser Technologies’ financiers agree to Thermo 1 geothermal project extension

Utah, US-based geothermal technology developer Raser Technologies has reached an agreement with project financing partners to extend the final performance and completion test of the Thermo 1 project to the end of June 2010.

11 February 2010

Geothermal power company Magma Energy announces management changes and new Iceland office

Geothermal power company Magma Energy Corp has made a number of changes to its management and also opened a new office in Iceland.

11 February 2010

Ormat Nevada to acquire geothermal project from private equity investor Energy Investors Funds

Ormat Technologies, through its wholly owned subsidiary, Ormat Nevada, has signed an agreement to acquire 100 per cent of the membership interests in HSS II, which includes the Hot Sulphur Springs Geothermal Project in the northern Independence Valley of northeast Nevada, US. Ormat is aquiring the interest from its current owners, private equity funds managed by Energy Investors Funds.

11 February 2010

NV Energy to purchase power from Nevada Geothermal Plant

NYSE-listed energy services company NV Energy has signed a 20-year power purchase agreement with a subsidiary of renewable energy developer Ram Power Corporation for energy that will be produced by a new geothermal power plant under development in central Nevada.

8 February 2010

HS Orka’s profits bounce back

Icelandic geothermal company HS Orka's profit for 2009 amounted to ISK6.8bn ($53m) compared to a loss of ISK11.7bn ($90m) for 2008.

4 February 2010

US water recycling company GeoPure HydroTechnologies secures Series A funding

Texas-based water recycling company GeoPure HydroTechnologies, which is devoted to recycling produced and flowback water, has secured an initial infusion of Series A capital to commercialise its proprietary pre-treatment and membrane technologies.

2 February 2010

Denham Capital injects additional $108m into geothermal developer Vulcan Power

An affiliate of US energy and commodities-focused private investment firm Denham Capital has invested $108m in US geothermal energy project developer Vulcan Power's preferred and common stock.

27 January 2010

Sierra Geothermal resists changes to management structure

Vancouver-based renewable energy company Sierra Geothermal Power Corp has seen a proposal from Exploration Capital Partners 2005 Limited Partnership to increase the size of its board of directors from six to thirteen, rejected following a shareholder vote.

21 January 2010

Chilean government awards Pellado geothermal property to Magma Energy

Magma Energy has been awarded a 100,000 hectare Pellado geothermal property, 300km south of Santiago, by the Chilean government.

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