All Entries in the "Featured" Category
Feed-in Tariffs: Making the case for Canada to include geothermal
One of the ways in which to make Ontario’s FIT (Feed-in Tariff) program successful is to create an environment of stability and continuity within the policy framework. For example, the German framework has been regarded as successful because it has created a high level of investor certainty; in the case of Ontario, this would mean [...]
Follow the Money: Record 2010 clean energy investment leaves out geothermal
In New York, Bloomberg New Energy Finance reported that new investment in clean energy reached $243 billion in 2010. That was a rise of 30% from the $186.5 billion see in 2009, all of which was driven by investments in China, offshore wind and rooftop photovoltaics in Europe.
Geothermal didn’t even get an honorable [...]
Still in Iceland: Another foreign firm acquires GT plant in the country
In Iceland, Wasabi Energy subsidiary, Global Geothermal Ltd., has acquired the Orkuveita Húsavíkur (OH) geothermal power plant in Northern Iceland. The company will refurbish the non-operational plant with the intent to re-open it in the second quarter of 2012. That work is pending the formal approval of the acquisition from the Foreign Investment Review Committee [...]
Feeling the Heat: Magma completes HS Orka obligation and faces yet another Björk protest
In Canada, Magma Energy Corp. said it has issued 24,808,569 shares to a subsidiary of Geysir Green Energy ehf (GGE), which completes Magma’s obligations to GGE under the share purchase agreement that resulted in the acquisition of a 98.53% interest in HS Orka hf.
Coincidentally or not, Icelandic singer-songwriter Björk has announced a three-day karaoke she [...]
Getting 2011 Underway: A New Year’s wish list for GT energy
Typically we would look back at the top stories of 2010 at this point, although it seems a rather overused device to us. Then came the from Ormat stating it would forgo government loan guarantees, which made us wish we would see more announcements like it.
So, to start the New Year, rather than a [...]
Merry Christmas: GT Industry leads to a cleaner, more renewable 2011
In Washington, DC, the Geothermal Energy Association assessed the industry as 2011 approaches. It paints a rather rosy picture for the coming year and rather than embellish it, we have opted to simply reproduce it here.
In 2010, the geothermal industry celebrated the 50th anniversary of the first power generating project that went on line [...]
Euros to Africa: Plenty of money flows south while parts of Europe await
In France, the European Investment Bank (EIB) and the French Development Agency (AFD), will together finance a 280 MW expansion of the electricity generating capacity of the Olkaria geothermal power plant in Kenya.
This comes on the heels of this month’s Geopower Europe that saw some grumbling about the commitment of EU members to the technology. [...]
Straddling the Rift: Ethiopia, Rwanda ponder their geothermal potential
Along the Great Rift Valley, Ethiopia and Rwanda are taking the firs exploratory steps towards harnessing the power the valley has to offer. It bisects Ethiopia, and a new report states that the country has a potential to generate over 5,000 MW of electric power geothermal sources.
To the south, the valley forms Rwanda’s western border. [...]
Geothermal Lead? GT technology not included in “Sputnik Moment” speech
In Washington, D.C., Energy Secretary Steven Chu, in a speech at the National Press Club, said that the success of China and other countries in clean energy industries represents a new “Sputnik Moment” for the U.S. that will require a similar mobilization of America’s innovation machine so that we can compete in the global race [...]
Shut down: EDC to study underperforming Negros plant
In the Philippines, reports have geothermal energy giant Energy Development Corp. (EDC) temporarily shutting down its 49 MW-rated Northern Negros geothermal power plant. The company intends to conduct technical studies aimed at increasing the plant’s capacity.
The Northern Negros Geothermal Production Field is built on 420 acres on the North West part of Mt. Kanla-on, and [...]
