geothermal

23 January 2009

US Secretary of the Interior issues order to accelerate renewable energy projects

US Secretary of the Interior Dirk Kempthorne has issued a Secretarial Order that permits the Bureau of Land Management to establish coordination offices to accelerate the use of wind, solar, biomass and geothermal projects.

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22 January 2009

Ormat Technologies secures $65m geothermal project

Geothermal company Ormat Technologies has struck a $65m deal with Banco Centroamericano de Integracion Economica for the supply, supervision, installations and testing of Las Pailas Geothermal Plant, in Costa Rica.

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20 January 2009

RWE Innogy, Daldrup & Söhne embark on geothermal mission

German power profucer RWE Innogy has embarked on a joint venture with Daldrup & Söhne with an aim to develop, plan and construct geothermal power stations.

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20 January 2009

Magma Energy Corp closes $26.3m financing round for geothermal expansion

Geothermal energy company Magma Energy Corporation has closed $26.3m financing through the issuance of 21,045,000 common shares at a price of $1.25 per share.

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20 January 2009

Ben Franklin Technology Partners offers clean energy grants

Ben Franklin Technology Partners has issued a proposal seeking individuals who wish to accelerate the commercialisation of clean energy technologies. Awards of up to $55,000 are available through a $250,000 grant given to Ben Franklin Technology Partners by the United State Small Business Administration.

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16 January 2009

Geothermal laws create windfall for government funds

Changes implemented in 2005 to federal geothermal leasing laws have resulted in million of additional dollars to federal, state and county government coffers, according to a new report by the Geothermal Energy Association.

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16 January 2009

Raser Technologies ramps up first geothermal power plant

Geothermal power generation company Raser Technologies, has announced the anticipated timeline for the remaining commissioning activities for its first geothermal power plant in Utah, US.

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15 January 2009

Fellows Energy to finance two geothermal projects

Early stage energy company Fellows Energy has signed an agreement with Copper King Mining Corporation to finance the Valle del Cura and Tuzgle-Tocomar geothermal projects in Argentina, recently bought from Geothermia Andina.

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14 January 2009

Tata Power set to explore geothermal sites in Gujarat

Indian energy company The Tata Power Company has signed an agreement with the Government of Gujarat to explore the possibility of setting up a 5MW geothermal plant in phase I at a location within Gujarat, as well as develop a 5MW solar power plant in the region.

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13 January 2009

Yukon Energy, City of Whitehorse target geothermal sites

Yukon Energy and the City of Whitehorse in Canada have received funding that could potentially lead to the discovery of geothermal sources for energy production.

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8 January 2009

OrPower 4 receives $105m financing for geothermal project

Orpower 4, a wholly-owned subsidiary of Ormat Technologies, has signed a loan agreement for project financing of up to $105m to boost Ormat's investment in the Olkaria III geothermal power plant in Kenya.

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7 January 2009

US business leaders urge support for sustainable energy in Stimulus Bill

In a letter delivered today, 159 US businesses and organisations - joined by 61 individual activists - urged the members of the US Senate and the House of Representatives to focus on sustainable energy technologies and green jobs, but not nuclear power and fossil fuels, when it takes up consideration of the economic stimulus bill this week.

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30 December 2008

Raser Technologies nears completion of initial geothermal commissioning tests

Geothermal power company Raser Technologies is nearing completion of the commissioning process of the 50 power generation units at its Utah power plant, the company said.

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23 December 2008

Ormat’s Amatitlan geothermal project registered as Clean Development Mechanism

The executive board of the United Nations Framework Convention on Climate Change has registered Ormat Technologies' Amatitlan geothermal project in Guatemala as a Clean Development Mechanism.

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22 December 2008

US Energy Corporation ploughs $3.4m into geothermal exploration

US Energy Corporation has invested $3.445m in private geothermal exploration and development company Steam Trust.

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17 December 2008

New financing programmes announced for geothermal and renewable power systems in Saskatchewan, Canada

The Canadian provincial government of Saskatchewan has developed a suite of programmes designed to encourage the use of environmentally responsible energy sources.

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17 December 2008

Sierra Geothermal Power backs off Pumpernickel Project

Renewable energy company Sierra Geothermal Power Corporation has chosen not to exercise its option to earn a 50 per cent share in the Pumpernickel Project in Nevada, US.

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16 December 2008

Raser Technologies finalises $10m sale of its common stock

Raser Technologies has finalised the sale of the remaining $10m of its common stock to Fletcher International, an affiliate of private investment firm Fletcher Asset Management, under an agreement relating to the private placement of $20m of its common stock, agreed in November 2008.

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15 December 2008

Enel on the verge of completing two geothermal projects in US

Energy company Enel is in the process of completing two geothermal plants in Nevada, US, which will work towards the state's goal of achieving a level of 20 per cent electricity from renewable sources by 2015.

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15 December 2008

UN, Global Environment Facility pave the way for African geothermal energy

The United Nations Environment and the Global Environment Facility have completed a project testing advanced seismic and drilling techniques in Kenya in an effort to spread geothermal power across the globe.

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