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geothermal

9 May 2012

Enel Green Power begins construction on geothermal plant

Enel Green Power North America, the US renewables arm of Italian utility Enel, has begun construction of a geothermal plant in Cove Fort in southern Utah, which will need a total investment of $126m.

27 April 2012

Fuji Electric invests $10m in California geothermal plant

EnergySource_170SQ Japanese technology company Fuji Electric has invested $10m into a geothermal project being developed in Imperial County, California, by EnergySource.

26 April 2012

Ormat wins $60m Nevada geothermal order

Nevada_170SQ US cleantech company Ormat Technologies has been selected to provide engineering, procurement and construction services on a Nevada geothermal plant, in a deal worth $61.2m.

19 April 2012

African Development Bank, GDC start Kenya geothermal build

The African Development Bank and Kenya’s state-owned Geothermal Development Company have launched the Menengai geothermal project.

16 April 2012

Volcanic energy opportunities open with inter connectivity developmentsp

Greater inter connectivity will deliver real savings and also underpin the UK’s energy security the Energy Networks Association told NewNet after news surrounding the world longest interconnecting cable between Iceland and the UK was released last week.

12 April 2012

Kenya geothermal developer seeks $750m investmentp

steam_170sq Kenya’s principal state-run geothermal developer hopes to secure $750m in order to drill a 3GW installation in 2013.

11 April 2012

Geothermal company to raise $163m to refinance debtp

money_040412_170 A geothermal development company will look to raise $163.9m via corporate notes in order to refinance old debt.

5 April 2012

Eight states active in geothermal across the USp

Eight states across the US now have active geothermal projects with California leading the way, a new report has found.

29 March 2012

Ram Power signs $42m agreement with IFC

Geothermal company Ram Power has signed an agreement for worth up to $42m with the International Finance Corporation to finance a binary unit at the company’s San Jacinto-Tizate Project near Leon, Nicaragua.

27 March 2012

Enel Green Power wins 3 geothermal concessions in Chile

southamerica_170 Enel Green Power has been awarded with three geothermal exploration concessions in Chile in a major expansion of its activities in the country.

16 March 2012

FIMI buys stake in Ormat Technologies for $79.6m

FIMI ENGR (FIMI) has paid $79.6m to seal a deal in which the company will buy 11.7 per cent of Bronicki Investments’ (BIL) interest in the geothermal company Ormat Technologies.

12 March 2012

Wasabi takes quarter stake in South Africa’s AAP Carbon Holdings

south_africa_120312_170 Australian-based Wasabi Energy has announced it is expanding its footprint in the South African market by taking a 25 per cent interest into carbon assets management group AAP Carbon Holdings.

9 March 2012

Arrow begins geothermal plant project in Pacific Basin

US-based Arrow Resources Development has joined forces with The Asian Development Bank to begin its testing process for the construction of a Geothermal Power Plant, in the Pacific Basin.

7 March 2012

Broader mandates for European institutionals support renewables investmentp

globe_Europe_170_170 The broader mandates within which European institutional investors work mean they are often more open to committing capital to the renewable energy space, according to Alterra Power, which has recently proved successful in securing financing from Icelandic pension funds.

2 March 2012

Indonesian utility makes PPA for 440MW of geothermal

Indonesian state-owned electricity utility PT. PLN has formed long-term power purchase agreements for electricity from two geothermal plants being built with a 440MW capacity.

29 February 2012

Caribbean nations call for additional climate change fundsp

a_money170_170 Eastern Caribbean nations have called for additional funds to support efforts to tackle the effects of climate change.

24 February 2012

Stock round-up: US cleantech stocks creep upwardsp

With the US presidential elections on the horizon, issues surrounding energy are moving up the campaign agenda and cleantech stocks seem to be creeping up slowing as well.

23 February 2012

US investors targeted by ASX-listed geothermal specialistp

An Australian renewable heat specialist will look to attract the eye of US investors as it releases American Depository Receipts on over-the-counter platform OTCQX.

23 February 2012

Kenya needs investors to realise $12bn geothermal ambitionsp

Kenya’s dominant electricity provider has revealed plans to raise $12bn and set up international joint ventures in order to fund the development of six geothermal plants.

20 February 2012

Turkey to emerge as favoured investment destination for power sectorp

turkey_flag170 Turkey's power sector will witness considerable growth in coming years, according to a new report, supported by an extremely favourable and facilitative government policy and regulatory regime.

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