geothermal

17 August 2009

Low carbon investment firm Osmosis Capital appoints Gerrit Heyns as a partner

Low carbon investment firm Osmosis Capital has appointed Gerrit Heyns as a partner to explore and develop new distribution opportunities, the firm said.

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14 August 2009

Australian geothermal company Petratherm strikes agreement with Spanish federal and regional governments

Petratherm, which is based in Adelaide, Australia and has geothermal operations in China, has entered into a cooperative agreement with the Spanish federal and Madrid regional governments to develop the company’s 8MW Madrid geothermal district heat project. According to Petratherm’s managing director Terry Kallis, ‘The Madrid GDH project is planned to be the first application[...]

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14 August 2009

Cemex announces refinancing plans of the company’s oustanding $15m debt

Global building materials company Cemex has completed its refinancing of the company's outstanding $15m debt with approximately 75 private banks and private placement noteholders.

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12 August 2009

Nobao Renewable Energy Holdings secures $25m venture financing round for geothermal technology

Nabao Renewable Energy Holdings, a Chinese developer of heating and cooling technology, has closed a venture capital round on $25m, according to reports.

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7 August 2009

Renewable energy technology company Raser Technologies sees revenues rise in Q2 2009

Renewable energy technology company Raser Technologies, Inc. reported revenues of approximately $407,000 in the second quarter of 2009, compared to approximately $6,000 in same period in the previous year. During the second quarter of 2009, the company began selling electricity generated from its Thermo No. 1 Plant to the City of Anaheim, California.

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6 August 2009

Sierra Geothermal Power completes $3.8m private placement

Sierra Geothermal Power Corp. has completed a brokered private placement in which it sold 18,930,800 units at a price of $0.20 per unit for gross proceeds of $3,786,160.

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4 August 2009

Sarah Slusser joins geothermal investment firm GeoGlobal Energy

Geothermal investment and development company GeoGlobal Energy (GGE), has appointed Sarah Slusser as a managing partner in the role of executive vice president.

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3 August 2009

U.S. Geothermal signs deal to privately place subscription receipts

U.S. Geothermal has signed an agreement with a syndicate of Canadian investment dealers, which will privately place 8,100,000 subscription receipts, totaling approximately CAN$10,935,000.

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3 August 2009

US venture capital investment in cleantech rises to $572m, led by solar and efficiency dealsp

US venture capital investment in cleantech companies in Q2 2009 reached $572m, an increase of 73 per cent in terms of capital, with 48 financing rounds, a 100 per cent increase in number of transactions compared to Q1 2009, according to an Ernst & Young analysis based on data from Dow Jones VentureSource.

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31 July 2009

Nevada Geothermal Power’s director Richard Campbell steps down

Richard Campbell is stepping down from his position of director of Nevada Geothermal Power with immediate effect.

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30 July 2009

US renewable energy production rises six per cent in first third of 2009, according to reportp

Production of renewable energy for the first third of 2009 was six percent higher compared to the same time period in 2008. Moreover, in April 2009 alone, renewable energy sources accounted for 11.1 per cent of domestic energy production and exceeded the amount contributed by nuclear power, according to the latest issue of the Monthly Energy Review by the US Energy Information Administration.

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27 July 2009

Listed geothermal power company Magma Energy Corp. to acquire stake in Icelandic geothermal energy producer HS Orka, from Geysir Green Energy

Listed geothermal power company Magma Energy Corp. has agreed to acquire an interest in Icelandic geothermal energy producer HS Orka, from Geysir Green Energy.

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23 July 2009

Magma Energy begins initial drilling at 140MW Chilean geothermal resource

Geothermal energy company Magma Energy Corp. has begun testing at the geothermal reservoir at its Maule property, 300km south of Santiago in Chile.

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23 July 2009

Geothermal company Raser Technologies restructures $15m line of credit

Geothermal company Raser Technologies has restructured its existing $15m line of credit, funded by certain stockholders of the company.

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22 July 2009

Arrow to build geothermal plants in Indonesia

Arrow Resources Development has entered into an agreement with Four Crystal Funding and GTherm for Four Crystal to invest $10m at a price of $1 per share of Arrow common stock.

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16 July 2009

Geothermal energy the most efficient renewable energy alternative, according to new studyp

Geothermal and wind energy are the most efficient forms of renewable energy, and are yielding greater returns on the R&D invested in them, than most other renewable energy alternatives, according to a new study from NYU Stern.

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9 July 2009

Sorsogon city approves geothermal expansion project in The Philippines

The government of Sorsogon City, The Philippines, has endorsed the Bacon-Manito geothermal expansion project developed by Energy Development Corp.

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7 July 2009

Geothermal company Magma Energy Corp closes public offering

Magma Energy Corp, a US geothermal company, has closed its previously announced initial public offering of common shares. Following this, Magma issued 66,667,000 common shares at a price of CAN$1.50 per common share, for aggregate gross proceeds of CAN$100,000,500.

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7 July 2009

Geothermal company Raser Technologies closes sale of $25.5m of common stock

Raser Technologies, a US geothermal power company, has closed the sale of approximately $25.5m of its common stock and warrants in a registered direct offering. Net proceeds from the sale are $23.8m.

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7 July 2009

Route 66 Alliance endorses electric vehicle Green Roadway Project

The Green Roadway Project demonstrated its new clean energy technology on old Route 66 and has received the backing of the Route 66 Alliance.

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