Archive for December, 2009
USG gets improved price and new water rights
In Idaho, U.S. Geothermal Inc. has seen a 26.5% increase in the average power price now in effect at its operating San Emidio power plant. The 3.6 MW capacity plant sells 2.5 MWs of electricity to Sierra Pacific Power Co. SPP adjusts the rate paid on an annual basis and the most recent adjustment for [...]
The GEA in Copenhagen: Association names top geothermal cities
In Copenhagen, the Geothermal Energy Association listed its top nine geothermal cities in the world, and was careful to make mention of Copenhagen itself. Denmark has two operating geothermal plants. One is in Amager, which is part of Copenhagen, and the other in Thisted.
But the tenor of the press release that included the list [...]
Chu Copenhagen announcements ignore GT
In Copenhagen, at the climate conference Energy Secretary Steven Chu announced three new initiatives and programs that were notable to the Digest in the fact that geothermal energy was completely left out. A new initiative to promote clean energy technologies in developing countries – Climate REDI – covers solar and LED, efficient equipment and appliances, [...]
UW’s Discovery Institute to be heated/cooled by geothermal
In Wisconsin, the public-private Wisconsin Institutes for Discovery at the University of Wisconsin is getting 75, 300 foot wells to become the first geothermal energy system on campus. UW will save about $120,000 yearly in energy costs, a meager part of the school’s astounding $50 million annual ebergy costs. Payback for the system is expected [...]
This Week in Geothermal Opinion: Lots of shale gas, LNG, ethanol, nuclear, geothermal means price deflation
Paul Sterne of the Ground Report states “Fossil fuel prices are just about to nose dive. Massive new supplies of energy are coming on stream worldwide. Shale gas has flipped the United States from gas importer to gas surplus. Liquid natural gas (LNG) supplies from Qatar, Algeria and Russia are flooding European and Asian markets. [...]
Magma Energy adds 32% interest in HS Orka
In Canada, Magma Energy Corp. has closed an agreement to acquire 32.32% of Iceland geothermal company HS Orka for $29.5 million and three bonds totaling approximately $70 million. Magma now holds a 40.94% direct interest in HS Orka and an option to acquire an additional stake by making a capital infusion of $15 million into [...]
U.S. Geothermal to sell Neal Hot Springs power to Idaho Power
In Oregon, USG Oregon LLC, a wholly owned subsidiary of U.S. Geothermal Inc., has signed a 25 year power purchase agreement with Idaho Power Co., a subsidiary of Idacorp, Inc. The PPA provides for the sale of up to 25 MW from the Neal Hot Springs project in eastern Oregon. Idaho Power still needs the [...]
Pertamina Geothermal gets $1b in loans
In Indonesia, the World Bank and the Japan International Cooperation Agency will each loan $500 million to PT Pertamina Geothermal Energy to develop three geothermal power plants in Sumatra and Sulawesi. Pertamina will use $200 million in 2010 to develop 27 new wells at three plants and four other planned developments in Sumatra and Java. [...]
Paralana injector well finished
In Australia, Petratherm and joint venture partners Beach Energy and TRUenergy Geothermal reached a key milestone in the Paralana geothermal energy project in South Australia with the Paralana 2 well successfully completed at a depth of 3,725 meters. The injector – the project’s first – well is now cased and cemented. Petratherm Managing Director Terry [...]
Dominica holds largest geothermal potential in the Caribbean
In Dominica, geological, geochemical and geophysical and related environmental and feasibility studies show that the Commonwealth has the largest geothermal potential in the Caribbean. A report perepared by CFG Services says exploratory drilling could begin in 2010 and that the construction of production wells could start by the end of 2011. Small 2 MW and [...]
