Edinburgh Geothermal

Archive for the ‘Geothermal News’ Category

As part of the Obama Administration's all-of-the-above energy strategy, the Energy Department today recognized the nation's first commercial enhanced geothermal system (EGS) project to supply electricity to the grid. Based in Churchill County, Nevada, Ormat Technologies' Desert Peak 2 EGS project has increased power output of its nearby operating geothermal field by nearly 38%—providing an additional 1.7 megawatts of power to the grid and validating this emerging clean energ…
GlobalEnergyWorld.com: Geothermal Energy

Vancouver, Canada - 
Nevada Geothermal Power Inc. announces that the Company and funds managed by EIG Global Energy Partners, the mezzanine lender for the Blue Mountain Geothermal Project,  closed the Equity and Collateral Transfer Agreement on March 28, 2013.

EIG has accepted the transfer of ownership of NGP Blue Mountain Holdco LLC  in full satisfaction of all amounts owing under BM Holdco’s loan agreement with EIG.  NGP received $ 500,000 in satisfaction of a current account receivable …
GlobalEnergyWorld.com: Geothermal Energy

REYKJAVIK - 
The World Bank launched a fund in Reykjavik on Wednesday to come up with $ 500 million for developing geothermal energy in developing countries.

"Geothermal energy could be a triple win for developing countries: clean, reliable, locally produced power," Managing Director Sri Mulyani Indrawati said in a statement.

"At least forty countries have enough geothermal potential to meet a significant proportion of their electricity demand," the bank said, citing Kenya and I…
GlobalEnergyWorld.com: Geothermal Energy

WASHINGTON - 
As the Geothermal Energy Association (GEA) prepares to release its annual development report at the State of the Geothermal Energy Industry Briefing on February 26 in Washington, preliminary industry data reveals that year-end geothermal growth in 2012 was up 5% from the previous year. This uptick in development, which produced 147.05 MW of gross online geothermal capacity in 2012, is due in part to pioneering developments in geothermal technology.

“Outside of a few Western States,…
GlobalEnergyWorld.com: Geothermal Energy

Europe's energy production will need to become almost carbon-free if the EU is to meet its goal of cutting emissions by more than 80% by 2050. The Energy Roadmap 2050, which the EP's energy committee will vote on 24 January, sets out how this can be achieved without disrupting energy supplies and competitiveness. We asked Niki Tzavela, a Greek member of the Europe of freedom and democracy group who is steering the proposal through Parliament, about the future of energy in the EU.

…
GlobalEnergyWorld.com: Geothermal Energy

BOISE, IDAHO - 
U.S. Geothermal, a leading renewable energy company focused on the development, production and sale of electricity from geothermal energy, announced today that on November 16, 2012 its wholly owned subsidiary, USG Oregon LLC, achieved commercial operation at the Neal Hot Springs project located near Vale, Oregon.

Under the terms of the project power purchase agreement, electricity generated by the three-module power plant will now be sold to Idaho Power Company at the rate of $ 96.00 per m…
GlobalEnergyWorld.com: Geothermal Energy

BOISE, Idaho - 
U.S. Geothermal, a leading renewable energy development company focused on the development, production and sale of electricity from geothermal energy, announced today that its wholly owned subsidiary USG Nevada LLC received its $ 10.7 million cash grant from the U.S. Department of Treasury. The cash grant is for Specified Energy Property in Lieu of Tax/Credits relating to the San Emidio geothermal power plant under Section 1603, Division B of the American Recovery and Reinvestment Act of 2009….
GlobalEnergyWorld.com: Geothermal Energy

WASHINGTON, D.C. - 
As California is poised to implement Assembly Bill 32 and launch the state’s landmark cap-and-trade program, the Geothermal Energy Association (GEA) has released a report detailing greenhouse gas (GHG) emissions as they relate to geothermal.

The report highlights the nature of geothermal GHG emissions in general, as well as those in California, where the nation’s most extensive cap-and-trade program is set to take effect this week. It also notes that geothermal power plants o…
GlobalEnergyWorld.com: Geothermal Energy

TORONTO - 
Canada Lithium, announced today it has signed a five-year lithium carbonate offtake agreement with Tewoo-ERDC, one of China's larger commodities traders, for a minimum annual commitment of 12,000 tonnes of battery-grade lithium carbonate. The five-year agreement also includes a provision for the formation of a Sino-Canadian marketing joint venture (SFJV) to be incorporated as Tewoo Québec Lithium CO., LTD.  The agreement calls for Canada Lithium to deliver lithium carbonate FO…
GlobalEnergyWorld.com: Geothermal Energy

BOISE, IDAHO - 
U.S. Geothermal, a leading renewable energy company focused on the development, production and sale of electricity from geothermal energy, today announced an update on the construction of its three module, 22 net megawatt geothermal power plant at the Neal Hot Springs project, located in Malheur County, Oregon.

Construction work for the air cooled power plant is largely complete and the contractor is now focused on achieving commercial operation within the fourth quarter of 2012. Current …
GlobalEnergyWorld.com: Geothermal Energy