Posts Tagged ‘geothermal’

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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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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10 December 2008

Ormat Technologies completes Kenyan Geothermal Project

Ormat Technologies has completed of phase two construction at the Olkaria III geothermal power plant in Kenya. Ormat Technologies financed the construction of both phases along with the drilling of the wells by investing approximately $150m into the project from its own internal sources.

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10 December 2008

NewNet Investor Profile, Salvador Escobedo, Ecos Sustainable Equity Fundp

Salvador Escobedo discusses investing in Latin American cleantech, the debate surrounding biofuels and the need for forward-thinking policy. ‘There needs to be a perception shift to realise that clean technologies are available and that they are fully proven to work on a commercial scale. This is beginning to happen slowly, but stronger government commitments are necessary.’

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4 December 2008

Tennessee Valley Authority seeks 2,000 MW of renewable power generation

The Tennessee Valley Authority is requesting proposals to supply up to 2,000 MW of renewable power generation to them by 1 June 2011.

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28 November 2008

SGP set to acquire 100 per cent of Caley shares over three-year period

Following the initial acquisition of Caley Geothermal in November 2006, Canadian renewable energy company Sierra Geothermal Power (SGP) is now set to acquire 100 per cent of the company by issuing 18,000,000 shares over a three-year period.

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27 November 2008

Two new hires make HgCapital’s renewables team one of the biggest in Europe

European mid-market private equity and renewable energy infrastructure investor HgCapital has added another two professionals to its renewable energy team, which now comprises seven specialists. The new associates are Luigi Pettinicchio and Luis Quiroga.

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25 November 2008

Fellows Energy to acquire two geothermal projects in Argentina

Renewable energy developer Fellows Energy has agreed to acquire two geothermal projects in the Andes region of Argentina. The two projects combined have the potential to produce 300 MW of electric power.

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25 November 2008

Hot Rock plans Australian geothermal power station

The Australiam public company, Hot Rock, has advanced its search for a new clean energy source and has preparations under way for the development of its first power station in 2009.

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25 November 2008

Philippines launches new geothermal project

The Pasil Geothermal project in the Philippines was formally launched, with Governor Floydelia Diason and Mayor James Edduba leading the stakeholders.

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25 November 2008

NGP Blue Mountain, Nevada Power Company amend agreement due to increased plant capacity

The subsidiary of Nevada Geothermal Power, NGP Blue Mountain has signed an amendment to the existing 20-year power purchase agreement with Nevada Power Company for the sale of all energy to be produced by the expanded ‘Faulkner I' power plant at Blue Mountain, Nevada.

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20 November 2008

New Zealand renewable energy company Might River Power targets geothermal energy

New Zealand renewable energy company Might River Power is to target more geothermal energy evelopment, following the recent opening of its $300m Kawerau Geothermal Power Station.

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18 November 2008

Raser closes $10m of private placement with Fletcher Asset Management

US geothermal company Raser Technologies has sold an initial $10m of its a previously agreed private placement of $20m to Fletcher International, an affiliate of Fletcher Asset Management.

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