Author Archive for admin
Opinion: Let’s get serious and pass a real clean energy law this year
David Yarnold, executive director of the Environmental Defense Fund, writing for politico.com says, “Let’s do it for real this time. The secret of the success of anti-pollution laws is that they actually limit — directly or indirectly — how much pollution companies can dump into the commons. Sounds kind of obvious, but it really works. [...]
BC court backs first step in Sierra plan
In Canada, the Supreme Court of British Columbia has issued an interim order authorizing Sierra Geothermal Power Corp. to call a special meeting of its shareholders to consider a special resolution approving the proposed plan of arrangement with Ram Power Corp., previously announced by press release on July 8, 2010. The plan would have Ram [...]
San Emidio project gets a $30 million vendor kick start
In Idaho, U.S. Geothermal Inc. has entered into an agreement for the engineering procurement and construction of the first phase of a binary cycle power plant at its San Emidio project. TAS Energy Inc. of Houston, Texas through an engineering, procurement and construction company (EPC Contractor) that was not named will manufacture the plant. The [...]
EDC doubles its profit pleasure
In the Philippines, Energy Development Corp. (EDC) saw its core income for the first half of 2010 rise 113.7% to $124 million, up from $58 million for the first half of 2009. This was despite losing $5.6 million at the 305-MW Tongonan 1 and Palinpinon power plants operated by its subsidiary, Green Core Geothermal, Inc. [...]
Qualibou to develop Caribbean geothermal resource
In Nevada, Qualibou Energy, Inc. announced a binding agreement with the Government of St. Lucia to develop the island’s geothermal resources. The resource, in the Sulphur Springs area, has been extensively explored since the mid 1970’s and nine wells have been drilled to date. Steam was found in five of the exploratory boreholes with one [...]
Plant Reboot: Raser looking to finance larger Thermo 1 turbines
In Utah, Raser Technologies, Inc. said it has entered into an agreement with the senior secured lender that provided the debt financing for the Thermo No. 1 geothermal power plant to repay a substantial portion of the debt.
Ok, so another announcement of another re-finance of the Thermo No. 1 plant is not new – we’ve [...]
ANZ Philippines signs EDC for $175 million
In the Philippines, Energy Development Corp, the country’s largest producer of geothermal energy, has signed a $175 million loan facility with the Australia and New Zealand Banking Group (ANZ). EDC said that the three-year loan was for corporate funding purposes, including the repayment of maturing loans. The signing comes off the back of a completed [...]
Indonesian government offering incentives for GT work
In Indonesia, the government will provide incentives in the form of free import duty and value added tax for companies managing geothermal energy. The taxes had been applied to goods and tools shipped in for use in the country. The government will also increase the subsidy on geothermal energy starting next year, which is expected [...]
GT project gets started at The Hague
In the Netherlands, a collaboration between the city of The Hague, energy companies Eneco and E.ON Benelux and housing corporations Staedion, Vestia and Haag Wonen is underway, aimed at bring heat and hot water to some 4,000 homes and 20,000 square feet of office space. The project involves drilling a pair wells in front of [...]
International Opinion: A big fuss about nothing
So says Páll Stefánsson writing for the Iceland Review. The topic is the further expansion of Magma Energy Corp. stake in HS Orka. “But,” he says, “suddenly some members of the Left Green Movement, people who are sitting in our Althingi parliament as part of the majority government, are screaming that foreigners should not be [...]
