Author Archive for Marc Favreau
Geothermal power proves a good value in new Philippine contracts
In the Philippines, the Energy Department signed an 26 more renewable energy, including six for geothermal projects. The contracts that are expected to generate a total of 466 MW of power, 315 MW from geothermal alone, and investments of about $277 million. The GT projects will produce 68% of the energy at only 8% – [...]
Australian state takes charge of its GT future
In Australia, the state government of Western Australia has granted ten new exploration permits to companies looking to develop geothermal energy projects. Eight of the new permits were granted to companies exploring the greater Carnarvon Basin in the state’s northern region, the second area of Western Australia released to competitive bidding for geothermal exploration. Two [...]
Worldwide Flavor: India, Ireland take first steps; Philippine company charging ahead; and Switzerland not giving in
We’ve spent many a byte on projects around the world, and most of the players a re well known. In recent weeks we’ve added more from New Zealand, Australia, Indonesia and the Philippines. But this week, two items came to our attention from India, Ireland and Switzerland. And we had to add the latest from [...]
Diverse renewables portfolio serves Mighty River Power
In New Zealand, Mighty River Power posted an interim result of $73.9 million net profit, crediting its success on a diversified generation strategy and geothermal development. Revenue of $521.8 million was down only slightly compared to $581.1 million in the same period last year, but the company said this reflected lower wholesale prices due to [...]
GEA to host one day showcase and forum in May
In Washington, the Gethermal Energy Association will host a one-day Global Geothermal Showcase and Forum on Friday, May 21, 2010 9:00am-5:00pm, Washington, DC. The event will provide a showcase of current geothermal projects and policies in the U.S. and around the world. The day’s agenda will include presentations and panel discussions by U.S. and international [...]
BLM again mulling (new) Colorado GT leases while interest grows to the south
In Colorado, and in the wake of a postponed geothermal lease sale in Chaffee County, the Bureau of Land Management is considering two areas totaling about 9,000 acres proposed for leasing for GT development to the west in southeastern Gunnison County. The agency is gathering public comment as it begins an environmental analysis of the [...]
Oil and gas interests can lead European EGS development and green transition
In London, a new report from Frost & Sullivan finds that the Kyoto Protocol and EU 2020 energy targets are slowly altering the energy industry landscape, gradually shifting energy consumption from coal, oil and natural gas, towards renewable energy sources. A carbon-free future is a threat to oil and gas companies with declining business growth [...]
Builder states three of four of his new homes are using geothermal
In Pennsylvania, a story about a local home show turned up a quote from Ray Venema an owner of Susquehanna Builders, who said that three of every four new homes he builds within an 80-mile radius of Williamsport include geothermal units. Venema noted that homeowners are taking advantage of federal tax credits, which can offset [...]
Legislator seeks 30% RES for Colorado
In Colorado, State Rep. Max Tyler has introduced House Bill 1001 intended to increase Colorado’s renewable energy standard by 50%, requiring large utility companies to generate 30% of their electricity from renewable sources by 2020. The bill would also provide incentives to develop community-scale wind, geothermal and small hydro-electric power in addition to solar power. [...]
Opinion: Draft regulatory framework could boost GT exploration in Europe
Dave Forest writes for oilprice.com: “I’ve received a copy of a new regulation framework for geothermal energy in Europe. Geothermal is still an infant industry. In many countries, governments lack even a basic mechanism for granting licenses on geothermal projects. There just isn’t any legal-work around giving a company rights to hot groundwater. There’s a [...]
