Archive for October, 2009
U.K. establishes $9.8 million fund for geothermal site search
In England, a $9.8 million fund to help support the search for viable geothermal energy sites has been announced by the Department of Energy and Climate Change (DECC). The Deep Geothermal Challenge Fund, which is part of the DECC low carbon investment fund, will involve $6.5 million being made available this year and $3.25 million [...]
U.S. Geothermal finishes second Neal Hot Springs production well
In Canada, U.S. Geothermal Inc. said that well NHS-5, the second full size production well at the Neal Hot Springs project in eastern Oregon, was completed on October 15. The well was taken to 2,896 feet. An initial 16 hour flow test completed using air lift produced fluid at a rate of 1,500 gallons per [...]
Nevada Geothermal applies for federal cash grant
In Canada, Nevada Geothermal Power’s U.S. subsidiary, NGP Blue Mountain 1 LLC, has applied for a $57.9 million cash grant for the Faulkner 1 geothermal power plant under the American Recovery and Reinvestment Act. The grant has a value of 30% of the total eligible capital costs for the project and would be paid directly [...]
EDC readies takeover Philippine geothermal plants
In the Philippines, Energy Development Corp. is set to pay $80 million to state-run Power Sector Assets and Liabilities Management Corp. The payment is EDC’s down payment for the acquisition of the 192.5 MW Palinpinon and 112.5-MW Tongonan geothermal power plants. The payment will allow EDC to take over the two power facilities and fast [...]
Raft River history assembled
In Idaho, U.S. Geothermal’s Raft River project continues forward, as we have reported here. The project generated its first commercial power January 3, 2008. Now, Ted Clutter, former Executive Director of the Geothermal Resources Council has assembled an excellent history of the project for Renewable Energy World North America Magazine. The history covers such issues [...]
SGP closes final private placement offering
In Canada, Sierra Geothermal said it had completed the second of two closings on previously-announced private placement offering of up to 31,818,182 units. In this closing, Sierra Geothermal sold 2,736,504 units at a price of $0.22 per unit for gross proceeds of $602,030. After adjustment for the common shares issued in this private placement, Sierra [...]
Raser to attend White House clean energy forum
In Utah, Principal Executive Officer Richard Clayton of geothermal energy provider Raser Technologies, Inc. has accepted an invitation to participate in a White House forum titled “Clean Energy Economy.” The forum is scheduled for October 22, 2009. Raser commissioned its first geothermal power plant in April of this year. In addition, the company has applied [...]
Polaris, Western, Private Ram now subsidiaries of Ram
In Canada, Ram Power, Corp. (formerly GTO Resources Inc.) acquired all of the issued and outstanding securities of Polaris and Western and completed the acquisition of issued and outstanding shares of Ram Power, Inc. (Private Ram)) As a result, Polaris, Western and Private Ram are now subsidiaries of Ram. Concurrently, the board of directors and [...]
France pledges aid for Kenyan geothermal
In Kenya, France will give $97 million to Kenya’s Geothermal Development Company, which the company will use to purchase of 2 rigs and to add capacity. Kenyan prime minister Raila Odinga said on the French government has also agreed to increase funding for the Ol-Karia Geothermal Power project by $74million dollars as part of a [...]
Geothermal leads “To renew and sustain” directive: Five GT projects have Shoshone Tribe walking the walk
In Idaho, the Northwestern Band (NWB) of Shoshone Nation will begin building a geothermal power plant in Franklin County in the spring of 2010. The 96 MW plant is the fifth under development by Shoshone Energy, a part of the NWB’s Economic Development Corporation. All five projects are located within the indigenous homeland, are slated [...]
