Archive for July, 2010
Ormat names debt provider funding of three projects
In Nevada, Ormat Technologies, Inc. announced that its subsidiary, Ormat Nevada Inc. has mandated John Hancock Life Insurance Company to arrange senior secured construction and term loan facilities under DOE loan Guarantee application of up to $350 million for three geothermal projects currently under construction in Nevada. The three projects are all in Nevada and [...]
Calpine reports 2nd quarter results
In Texas, Calpine Corp. reported that it produced 19.2 million MWh of power in the second quarter of 2010, a 4% increase over the same quarter in 2009, while noting a $162 million of net loss. The company closed the acquisition of the Conectiv fleet of plants in the PJM market in 70 days, which [...]
Jetport ground source project underway
In Maine, installation of a geothermal heating a cooling system has begun at the Portland International Jetport, funded by a $2.5 million grant from the Federal Aviation Administration. The project is scheduled to be done in October but not to be operational until July 2011. The installation will use of a total of 120, 500 [...]
House signs on to geothermal money restoration
In Washington, D.C., the U.S. House of Representatives passed on the Supplemental Appropriations Act of 2010, which provides funding for troops, veterans and natural disaster response efforts. Part of the bill will restore geothermal royalties and rent money to 32 counties in six states. The monies are divided 50% to the State, 25% to [...]
The View Down Under: Significant GT resources found in Victoria, but the country struggles to move forward
In Australia, reports have the southern state of Victoria hold significant new stores of geothermal energy reserves. This is great news for an area that boasts a quarter of the country’s total population. It also makes sense geologically in an area once and still known for prosperous gold mines.
But while it continues to find resources, [...]
AboitizPower geothermal assets ruled compliant
In the Philippines, AP Renewables, Inc. and Hedcor Sibulan, Inc., both wholly owned subsidiaries of AboitizPower Corp., were recently granted Certificates of Compliance (COC) by the Energy Regulatory Commission (ERC). The COCs were granted after APRI’s ten-unit geothermal facilities in Laguna and Batangas and Hedcor’s Hydropower Plant B in Davao del Sur were found to [...]
New energy legislation on the table, but passage soon is unlikely
In Washington, Congress is in now at work on clean energy bills ahead of the summer recess. Midwest Senators put a national renewable energy standard on the table with the introduction of a bill seeking a 25% renewable energy target by 2025. Senate Majority leader Harry Reid has put forward two clean energy bills of [...]
Bjork protesting Magma acquisition of HS Orka
In Iceland, Bjork is heading a campaign protesting against the Icelandic Government’s decision to allow Canada’s Magma Energy to invest further in the island’s geothermal power company HS Orka. The singer told the Financial Times said, “Most people feel this is something the nation should keep … this deal smells like the leftovers from the [...]
South Asia universities to cooperate on geothermal energy
In Indonesia, Gadjah Mada University has agreed to cooperate with New Zealand’s University of Auckland to develop geothermal energy sources. Geothermal New Zealand Science (GNS), a research and education institution, will also be involved. Indonesia has turned to New Zealand to develop its geothermal resources because of the country’s advanced technology.
Secretary Chu holds first clean energy ministerial
In Washington, D.C., U.S. Energy Secretary Steven Chu said that the United States is helping launch more than 10 international clean energy initiatives. These initiatives will cut energy waste; help deploy smart grid, electric vehicle, and carbon capture technologies; support renewable energy markets; expand access to clean energy resources and jobs; and support women pursuing [...]
