Recent Articles
Mustang buys three Nevada leases
In Nevada, Mustang Geothermal Corp. (formerly Urex Energy Corp. has completed the purchase of three geothermal leases in the state from Minera Inc. and Minera Cerro El Diablo of Reno, Nevada and Dakota Resource Holdings LLC of Spearfish, South Dakota. The agreements will have Mustang paying a total of 14 million shares of the company’s [...]
NGP to raise cash for Blue Mountain project, etc.
In Canada, Nevada Geothermal Power, Inc. will proceed with a non-brokered private placement for up to 20,000,000 units at a price of $0.48 per unit in hopes of raising $9.6 million. Each unit will include a common share and a transferable share purchase warrant. The warrant will entitle the holder to purchase one additional [...]
Magma goes forward with HS Orka shares addition
In Iceland, Magma Energy Corp. subsidiary, Magma Energy Sweden A.B. closed the final portion of a previously announced deal to acquire additional shares of Iceland’s HS Orka hf. Magma Sweden now holds a 98.53% interest in the geothermal company. In the latest transaction, Magma Sweden acquired 14.32% of HS Orka’s outstanding shares from [...]
Sierra takeover completed
In Canada, Sierra Geothermal Power Corp. and Ram Power, Corp. say that Ram has now acquired all of the issued and outstanding shares of Sierra. They were exchanged for shares of Ram Power and all current holders of Sierra options, warrants and unit warrants are now entitled to receive Ram Power securities. The deal got [...]
Tenders opened for first geothermal exploration wells
In Yemen, tender offers have been opened for the drilling of the first exploratory well for geothermal energy in Yemen. The project, in the Allisi area, Dhamar province, is designed to assess geothermal energy resources for possible power generation. Previous work included surveys of some 100 locations where geothermal energy sources might be found in [...]
Capiz coop likes the price of its new 10-year GT deal
In the Philippines, Capiz Electric Cooperative (CAPELCO) has signed a 10-year power supply deal with Green Core Geothermal Inc., a unit of Energy Development Corp. The geothermal energy provider will account for 70% of its the coop’s electricity needs. CAPELCO’s general manager states that the other 30% will come from more expensive sources. The committed [...]
Geothermal planning aims at sustaining Rotorua
In New Zealand, the Bay of Plenty Regional Council and Rotorua District Council are trying to decide how to allocate Rotorua’s geothermal resources following a recent workshop. The two councils are also working with neighboring regional council Environment Waikato to look at the best possible gains to be made using the area’s geothermal energy. Rotorua [...]
State accustomed to ground source heating and cooling
In Maryland, an item about some new energy-saving features in a local (Wicomico County) high school, including a new ground source heating and cooling system, turned up an interesting tid bit. Wicomico schools already have a high number of geothermal installations. North Salisbury Elementary, Westside Primary and Intermediate and Prince Street Elementary all have some [...]
State legislation considers helping geothermal development
In Idaho, an item touting the development of a new wind farm also included discussion of baseload power and thus, geothermal. State Rep. Steve Hartgen, R-Twin Falls, noted that lawmakers are discussing a bill that would reduce the rate geothermal developers pay to lease public lands in the state. He said, “The lease rates were [...]
Oregon to host Renewable Energy Markets 2010
The Doubletree Hotel in Portland, Oregon will play host to the 2010 version of Renewable Energy Markets, October 19–22. In its 15th year, this year’s conference topics will include: Messaging and Marketing that Works; Consumer Trends and Profiles; Growing Utility Green Power Programs; Renewable Energy Regulation, Cap and Trade, and RES Impacts; Voluntary and Compliance [...]
