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13 May 2010

American Power Act unveiling welcomed by energy industry

The US climate change bill known as the American Power Act and introduced by Senators John Kerry and Joe Lieberman has been welcomed by the renewable energy industry, who urges it to now been moved swiftly through Congress.

13 May 2010

Nevada Geothermal Power’s Faulkner 1 achieves record output

Nevada Geothermal Power's Blue Mountain, Faulkner 1 geothermal plant in the US has achieved record electric power production over the past week, with peak levels exceeding 53MW and 41MW being delivered to the grid. The increased production was enabled by operational adjustments at the plant, the company said.

12 May 2010

South American hydropower to grow up to 2020p

Hydropower dominates renewable energy production in South America and is expected to show moderate growth until 2020 alongside thermal power, according to new figures.

12 May 2010

Australia’s budget disappointing for renewable energy investment, Climate Institute says

Australia's pre-election budget unveiled by the ruling Labor Party yesterday has been described as disappointing on the back of the delay of its Carbon Pollution Reduction Scheme (CPRS), independent research organisation The Climate Institute said.

12 May 2010

US awaits climate bill introduction, proposals may veto offshore drilling

US Senators are set to unveil a long-awaited climate bill that will aim to increase US energy security and reduce its dependence on oil today.

12 May 2010

E.ON reports strong Q1 in renewables due to increased wind capacity

Investor-owned power and gas company E.ON said its first quarter EBIT in its new markets division, which encompasses its renewable energy activities, rose by 55 per cent to €246m. It said its climate and renewables segment in particular posted considerable higher adjusted EBIT on the back of a significant increase in its wind power capacity.

10 May 2010

Investment manager Alquity launches first in range of Africa funds

Investment manager Alquity has launched its first in a range of funds that aim to generate attractive returns through sustainable and responsible investments in Africa.

10 May 2010

Reservoir Capital subsidiary evaluates Serbian geothermal wells

European renewable energy investor Reservoir Capital's wholly-owned subsidiary, Southern European Exploration (SEE) has signed a cooperation agreement with geothermal company Jumko to evaluate its existing geothermal wells in the Vranjska Banja exploration permit in southern Serbia.

10 May 2010

UK general election cannot afford to delay renewable energy investment, says REA

The UK cannot afford any stalling if it is to meet its legally-binding renewable energy target, the CEO of the Renewable Energy Association (REA) said in response to last week's general election in which no party won enough votes to form a majority government.

7 May 2010

Southern California Edison and PG&E geothermal purchase deals approved by CPUC

US energy utilities Southern California Edison (SCE) and Pacific Gas and Electric (PG&E) have been given the go-ahead to purchase power from geothermal facilities in the US state of California from the California Public Utilities Commission (CPUC).

7 May 2010

Losses deepen at geothermal company Calpine

NYSE-listed geothermal and natural gas company Calpine has swung deeper into loss as revenues declined, with net losses standing at $47m or $0.10 per diluted share for the first quarter 2010, cutting into its 2009 first quarter net profits of $32m or $0.07 per share.

6 May 2010

European development finance institutions to establish climate change fund

A joint climate change fund is to be established by Agence Française de Développement, the European Investment Bank and European Development Finance Institutions.

6 May 2010

Malaysia to introduce feed-in tariffs to stimulate renewable energy

Malaysia is to introduce a feed-in tariff (FIT) to stimulate the adoption of clean energy technologies.

5 May 2010

Chile grants Magma Energy second geothermal exploration permit

Canadian geothermal company Magma Energy has been issued an exploration permit by the Chilean government enabling it to develop a 50MW geothermal operation on the 4,000 hectare Laguna de Maule property, 300km south of Santiago.

5 May 2010

Australia’s geothermal rebate welcomed by industry

The Australian government's move to offer geothermal energy explorers eligibility for a A$1.1bn ($1bn) resource exploration rebate has been welcomed by the industry.

5 May 2010

Ram Power signs to sell 150MW from Nicaraguan geothermal concession

US renewable energy company Ram Power has formed preliminary agreements with Disnorte-Dissur, a Gas Natural Fenosa energy company, through its wholly owned subsidiary Polaris Geothermal to negotiate a further purchase agreement for energy produced by its new geothermal power plant under development in Nicaragua.

28 April 2010

Sacramento Municipal Utility District purchases geothermal energy from Vulcan Power Company

The Sacramento Municipal Utility District (SMUD) has signed a 21-year contract with Patua Project, a subsidiary of US geothermal developer Vulcan Power Company, for the purchase of up to 132MW of baseload renewable energy from the Patua geothermal plant to be constructed in the north of the US state of Nevada.

26 April 2010

Raser reopens Lightning Dock geothermal resource in New Mexico

NYSE-listed Raser Technologies said it is preparing to drill, finance and reopen the Lightning Dock geothermal project in southwest New Mexico.

26 April 2010

US climate bill in jeopardy as Republican Lindsey Graham withdraws support

A group of US Senators set to introduce climate change legislation have hit a major setback as co-author of the bill Republican Lindsey Graham said he would withdraw his support.

22 April 2010

Canadian geothermal company G4G Resources takes next steps with Despoblados project

G4G Resources, a Toronto Stock Exchange-listed Canadian geothermal company, has filed an independent technical report for its resource at the Despoblados prospect in San Juan, Argentina, on the mandatory Canadian public company list, System for Electronic Document Analysis and Retrieval (SEDAR).

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