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RSSArchive for May, 2011

Pegmatite Mountain project finds opposition

In Alaska, the Inside Passage Electrical Cooperative (IPEC) and Alaska native corporation Sealaska are looking at a Pegmatite Mountain site for potential geothermal development. However, the city of Tenakee Springs is moving to block the move. Tenakee says it is not practical for them and that they are already looking at hydro power sources. There [...]

Opinion: Clean power for China is the opportunity of a lifetime

Writing for fastcompany.com, Glenn Croston says “China needs energy, but it needs to be clean. There are solutions for China’s challenges, and U.S. entrepreneurs may find the opportunity of a lifetime in providing solutions for these urgent problems. China is investing billions of dollars in high-speed rail, solar power, and wind. Innovative energy solutions like [...]

Reservoir points Minerals to spin-out with private placement

In Canada, Reservoir Capital Corp. said that Reservoir Minerals Inc. has completed a non-brokered private placement financing with aggregate gross proceeds of approximately $9.6 million. The move is aimed at a spin-out of Minerals and making Reservoir Capital Corp. a step closer to becoming a pure-play renewable energy company. Miles Thompson, Chairman of Reservoir Capital, [...]

Hot Topic: UK geothermal start-up lands celebrity staffer

In England, Cluff Geothermal, and maybe the geothermal industry itself, has landed the hottest property, currently, on the planet. By virtue of Cluff being run by ex-boyfriend George Percy, Pippa Middleton as agreed to join the firm.
While it is unclear what, exactly, her role will be, there can be little doubt that Middleton will [...]

Joint venture starts Indonesian geothermal exploration

In Indonesia, India’s Tata Power Co. and Australia’s Origin Energy Ltd. have begun exploration in Indonesia aimed at developing geothermal power plants. Tata Power, Origin and PT Supraco Indonesia in Sept. 2010 won the concession in northern Sumatra, which may yield as much as 300 MW of geothermal generating capacity. The group will begin plant [...]

Earth Heat Resources starts Argentine feasibility study

In Argentina, Earth Heat Resources has begun the first phase in a feasibility study for the fast track development of a 15 MW geothermal plant at its Copahue Project. The company will split the study into two successive phases, with phase A being a concept screening to agree on a viable technical solution, and Phase [...]

Studies begin at geothermal sites in Victoria

In Australia, geotechnical studies have started near Traralgon for what would be Victoria state’s first substantial shallow geothermal power plant. Consultancy Hot Dry Rocks said it has identified several suitable existing bore holes to undertake the studies. The Latrobe Valley Shallow Geothermal Project intends to demonstrate fluid circulation and heat extraction from moderate temperature groundwater [...]

PannErgy will sell stake in PannUnion

In Hungary, PannErgy will sell its entire 95.3% stake in plastics company PannUnion in a public purchase offer called by Pannunity. Pannunity is a special purchase vehicle owned by a company registered in Luxembourg indirectly controlled by investment funds managed by affiliates of Sun Capital Partners, a US-based private investment firm. PannErgy announced plans in [...]

Kenya confirms large steam field in Menengai

In Kenya, Geothermal Development Co. says it has found commercially exploitable steam deposits in Menengai, a field that may contain as much as 1,600 MW of geothermal energy. Silas Simiyu, chief executive officer of the state-run GDC said additional testing will determine the exact energy potential at the site. Well-head generators that can be set [...]

Arrow gets ADB grant for plant planning

In New York, Arrow Resources Development, Inc. has reportedly received a $1,400,000 grant from the Asian Development Bank (ADB) to do design planning for geothermal power plants in Indonesia and the Philippines. The initial site development plans require about 90 days and site selection has begun. “After two years of planning, we are finally [...]