All Entries in the "International" Category
Petratherm welcomes renewable energy funding increase
In Australia, a statement released by Petratherm welcomed the significant boost to renewable energy funding recently announced as part of the Federal Budget by Martin Ferguson, Federal Minister for Resources and Energy, promising additional funding to support emerging renewable energy technologies, such as geothermal power. The Emerging Renewables program will be open to support geothermal, [...]
Four geothermal power sites identified in Malaysia
In Malaysia, Tenaga Nasional Bhd (TNB) has identified four potential geothermal power generation sites that could collectively generate more than 2 MW of electricity, at a confidence level of 60%. The locations of the four sites in the peninsula area were not disclosed. Once testing raises the confidence level to 90%, TNB would begin drilling. [...]
New geothermal field passes first tests
In the Philippines, Maibarara Geothermal Inc. says that two of its geothermal wells at the Maibarara project have reached commercial production capacity. The company says the two wells have reached commercial wellhead pressures with an aggregate capacity of about 15 MW. Maibarara is continuing well testing until the end of the month to determine [...]
Island project facing political, financial hurdles
On the island of Nevis, a geothermal power plant project remains on hold while financing issues are worked out. West Indies Power Nevis (WIPN ) is looking for a loan from the Export-Import Bank of the United States. And the bank is looking for the financially-strapped nation to guarantee the loan, which has the nation’s [...]
Iceland Foreign Minister visits Kashmir, India
Icelandic Minister for Foreign Affairs conducted a range of meetings in Kashmir and India over the past week. Discussions with authorities in Kashmir centered on the development of the cooperation between Icelandic and Indian companies on the harnessing of geothermal energy for electricity production in the region. While in New Delhi, India, Skarphédinsson made a [...]
Drilling in North Rift area to start in 2012
In Kenya, drilling for geothermal energy will begin in early 2012 at the Silale Geothermal Station in the North Rift region. Cornel Ofwona, Geothermal Development Company’s North Rift manager, said the drilling start will depend on a budgetary allocation in this year’s financial calendar. He said the company will start road clearing in July following [...]
Fiji will build its first geothermal power plant
In Fiji, Tim Daniel, Chief Executive Officer and Director of Geothermal Electric Ltd., was quoted in the Fiji Sun as saying that “Savusavu, our most famous hot springs area, is where Geothermal Electric Limited intends to install its first power station.” It will be Fiji’s first geothermal power plant. Daniel added that a second plant [...]
IRENA adds New Zealand
New Zealand has ratified the International Renewable Energy Agency (IRENA) statute as of January and has been accepted as a full member. Acting Minister of Energy and Resources Hekia Parata said the move gives New Zealand the opportunity to contribute to international efforts to increase the deployment of renewable energy technologies and drive down their [...]
Magma finds Icelandic buyer for part of HS Orka
In Canada, Magma Energy Corp. subsidiary Magma Energy Sweden AB has signed a term sheet to sell a 25% interest in HS Orka hf to a group of Icelandic pension funds. The purchase price of $71.5 million is about the same as the original cost of the acquisition. The deal includes an option until February [...]
Softbank CEO setting up energy foundation
In Japan, following his country’s nuclear disaster, Softbank Chairman Son Jung-ui , or Masayoshi Son, intends to spend over $12 million of his own money to set up an Energy Foundation in Japan. Son announced his plans to establish the foundation within a few months, noting that another nuclear crisis must be avoided. An advisory [...]
