Recent Articles
New police buildings to feature geo-exchange system
In Pennsylvania, the 16 modular units that will make up the new Pennridge Regional Police Department headquarters will arrive mid-June. And drilling for the geo-exchange heating and cooling system will start soon as well. The department will be getting a $4,774 rebate from PPL Electric Utilities for installing the system.
Fossil and nuclear fuels spending to rise at renewable energy expense
In Washington DC, House Appropriations subcommittee Committee Chairman Rodney P. Frelinghuysen (R – NJ) issued a prepared statement on the fiscal year 2012 energy and water development appropriations bill. In it, he says The bill for fiscal year 2012 provides $30.639 billion, $1.043 billion below fiscal year 2011 and $5.9 billion below the President’s request [...]
CO workshop will look at drilling and funding for test hole
In Colorado, the Geothermal Working Group has issued an invitation to attend an afternoon workshop on “The Path to Colorado’s First Geothermal Power Test Hole” on June 23 in Golden. The workshop will look at the factors involved with exploratory drilling as well as financing mechanisms. Presentations will cover the best locations for test holes, [...]
USG grants stock options
In Idaho, U.S. Geothermal Inc. has granted options in accordance with its Stock Incentive Plan to directors, employees and consultants to acquire 2,590,000 shares in capital of the company. They are exercisable at a price of $0.83 per share for 5 years expiring June 3, 2016. The options will vest subject to the company’s Stock [...]
Alterra sells 25% of HS Orka back to local Icelanders
In Canada, Alterra Power Corp. announced the signing by its wholly-owned subsidiary, Magma Energy Sweden AB, of a share purchase agreement with Jarôvarmi slhf as well as the completion of the sale. According to the terms, Magma Sweden sold a 25% interest in its 98.5%-owned HS Orka hf to Jarôvarmi, owned by a group of [...]
GTP looking to advance geothermal resource development
In Washington D.C., the U.S. Department of Energy’s Geothermal Technologies Program (GTP) will issue in June a Funding Opportunity Announcement to expand its partnership with the geothermal community on geothermal systems research and development in the U.S. to support GTP’s goal of lowering the cost of geothermal energy to 6 ¢/kWh. This Notice of Intent [...]
Government sale of power assets to restart
In the Philippines, Energy Secretary Jose Rene D. Almendras said the government’s sale of the remaining power-generation assets and contracted capacities will resume in July. Biddings will start with the independent power producer administrator (IPPA) contract for the 149 MW Naga power facility. An IPPA contract for the 640 MW Unified Leyte geothermal complex will [...]
EDC to get s $75 million loan from World Bank
In the Philippines, Energy Development Corp. (EDC) has signed a $75-million loan with the International Finance Corp., the private sector investment arm of the World Bank group. The 15-year loan facility will help finance the company’s medium-term capital expenditure program, which would see the construction of geothermal facilities that can generate a combined 230 [...]
New Zealand to join IPGT
In New Zealand, the country is looking to become a member of the International Partnership for Geothermal Technology (IPGT), Science and Innovation Minister Wayne Mapp said. The IPGT was established in August 2008 and seeks to develop advanced, cost-effective geothermal energy technologies through international research co-operation. The United States, Australia, Switzerland and Iceland are currently [...]
Ormat talking Alaska, Hawaii explorations
In Alaska and Hawaii, Ormat Technologies Inc. is pursuing opportunities to get a foot hold (Alaska) or expand (Hawaii). The company has begun a second year of exploration at the company’s Mount Spurr geothermal project, which is an active volcano 75 miles southeast of Anchorage. In Hawaii, Ormat is looking at ranch land on the [...]
