geothermal project development News
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Geothermal project in Gauting, Germany presses on despite funding uncertainty
The Asto Group intends to continue with the geothermal project being developed in the municipality of Gauting in Bavaria, Germany, despite the cancellation of federal funding for such projects. “We don’t stop anything,” said Dr. Bernd Schulte-Middelich, Head of Geothermal at Asto Group. “We are in the middle of things, we are on schedule and we are not thinking about ...
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New cooperation agreement signed for geothermal development in Serbia
NIS a Serbian energy company and Betec a geothermal development firm in Belgrade have signed a Co-Operation Agreement on developing Geothermal energy in Serbia, as announced by the partners today. The companies will jointly develop geothermal active areas in northern Serbia by drilling new production wells and building power plants based on the well head power plant technology. The drilling ...
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Ormat Technologies, Inc. to develop a geothermal project in Honduras
Ormat Technologies, Inc. (NYSE: ORA) announced today that an Ormat subsidiary entered into an agreement with Geotérmica Platanares to acquire a late stage development geothermal project in Honduras. The project comprises of the rights to a field where exploration work has been conducted in the past and a Power Purchase Agreement for up to 35MW with the national utility of Honduras, ENEE. ...
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Geothermal Resources Council announces President-Elect
The http://www.geothermal.org/ has announced the election of Paul Brophy as President Elect. He will become the 25th President of the global geothermal energy association. Paul was a Senior Associate with the engineering consultant firm of Dames & Moore from 1990 until 1995 and then spent nearly 10 years as District Geologist for California Energy Company in Santa Rosa, California providing ...
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First U.S.-Indonesia geothermal project to be developed following President Obama’s Asia Pacific comprehensive energy partnership
Ormat Technologies Inc. (NYSE: ORA) announced that it has signed an agreement for the development of the Hu’u Dompu project in Indonesia. The agreement was signed today in the presence of Penny Pritzker, Secretary of Commerce for the U.S. Department of Commerce. President Obama’s U.S. Asia Pacific Comprehensive Energy Partnership (USACEP) is encouraging U.S. companies to develop ...
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2023 Retrospective – The ThinkGeoEnergy geothermal interviews series
The ThinkGeoEnergy 2023 Retrospective series is our way of looking back into the year that was, taking stock of our milestones as a media and research organization for the geothermal industry. While we have been conducting in-depth interviews for the past several years, we made a more concerted effort in 2023 to engage more frequently geothermal developers and service providers. Through these ...
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NH Adopts Full Thermal Incentive for Renewable Portfolio Standard
The Biomass Thermal Energy Council (BTEC) today applauded New Hampshire Governor John Lynch and the state's Senate and House of Representatives for their passage of legislation (NH Senate Bill 218), a bill that adds thermal renewable energy to the state's renewable portfolio standard (RPS). RPS programs have been adopted in some 29 states and the District of Columbia to provide incentives to ...
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Innovative ADB Loan to Help Unlock Indonesia’s Clean Energy Potential
The Asian Development Bank (ADB) will provide a loan of up to $50 million, supported by the Clean Technology Fund, to share risks with the private sector during the project development and exploration phase of the Rantau Dedap geothermal project in Indonesia. “This innovative loan demonstrates the depth of ADB support for deploying clean energy technologies that can significantly displace ...
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Ormat Completes Acquisition of Platanares Geothermal Project in Honduras
Ormat Technologies, Inc. (NYSE: ORA) announced today that its indirect, wholly-owned subsidiary, completed the acquisition of the Geotérmica Platanares geothermal project in Honduras from ELCOSA, a privately owned Honduran energy company, upon satisfaction of the required conditions precedent . Ormat will hold the assets under a Build, Operate and Transfer (BOT) structure for approximately ...
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ADB Supports Renewable Energy by Investing in Indonesian Geothermal Plant
The Asian Development Bank (ADB) has signed a $350 million financing package supporting the construction of the 320 megawatt Sarulla Geothermal Power Development Project in North Sumatra, Indonesia, an investment expected to unlock clean energy investments across the country, which holds 40% of the world’s geothermal resources. The renewable energy project will provide clean, baseload ...
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U.S. Geothermal Industry Sees Continued Steady Growth in 2012
The Geothermal Energy Association (GEA) today released its 2013 Annual GEA Industry Update, which found that installed geothermal capacity in the United States grew by 5%, or 147.05 MW, since the last annual survey in March 2012. This considerable increase in capacity is part of a larger trend of steady geothermal growth over the past decade, and can be attributed to seven geothermal projects ...
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Geothermal Energy Association Announces Finalists for 2012 GEA Honors
The Geothermal Energy Association (GEA) announced today the finalists for the GEA Honors, which recognize companies and individuals that have made significant contributions during the past year to advancing technology, spurring economic development or protecting the environment. The awards program, which is in its second year, also gives special recognition to ...
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Ormat and Toshiba Sign Strategic Collaboration Agreement
Ormat Technologies Inc. (NYSE: ORA) and Toshiba Corporation (TOKYO: 6502) announced today that the two companies have signed a strategic collaboration agreement (SCA) to develop strategic opportunities for collaboration in the areas of geothermal power generation systems and related equipment. Under the terms of the agreement, the parties will explore and develop strategic opportunities that ...
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Ormat and Toshiba Sign Strategic Collaboration Agreement
Ormat Technologies Inc. (NYSE: ORA) and Toshiba Corporation (TOKYO: 6502) announced today that the two companies have signed a strategic collaboration agreement (SCA) to develop strategic opportunities for collaboration in the areas of geothermal power generation systems and related equipment. Under the terms of the agreement, the parties will explore and develop strategic opportunities that ...
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Geo Dipa, KKT to collaborate on North Patuha geothermal project, Indonesia
PT Geo Dipa Energi (Persero) and Kopjasa Ahli Teknosa (KKT) have signed a Memorandum of Understanding for a collaboration to develop ta geothermal project in the North Patuha area in Bandung Regency, Java, Indonesia. The MOU was signed by Ilen Kardani, Geo Dipa’s Director of Exploration and Commercial Development, and Hermawati Parinduri, Director of KKT, at the KKT Office in Jakarta. ...
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Geothermal energy set to double across western states
The amount of new geothermal power now under development in the United States will roughly double U.S. geothermal capacity, according to a survey that will be released Wednesday by the Geothermal Energy Association, GEA. These projects, when developed, will provide up to 3,368 megawatts of new electric power capacity for the grid, more than doubling U.S. geothermal power capacity from 2,936 ...
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Drilling Project Starting in Montserrat
Drilling Project Starting in Montserrat Iceland Drilling Company has reached an agreement with DFID (Department for International Development) for a geothermal drilling project in the Caribbean Island, Montserrat. The drilling contract was signed on 8th of April 2016. The project involves drilling the 3rd geothermal well, but in the year 2013 two exploration wells were drilled giving around 2 ...
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World Bank Energy Director to Deliver Keynote Address at GEA International Geothermal Energy Finance Forum 2013
The Geothermal Energy Association today announced the keynote speaker for next month’s International Geothermal Energy Finance Forum. Rohit Khanna, program manager of the World Bank’s Energy Sector Management Assistance Program, will deliver keynote remarks at the conference, to be held on April 11 at the Marriott Marquis New York. Each year the Finance Forum brings together ...
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Utah to Host Ultimate Geothermal Energy Event in October
Over 1,300 attendees will gather at the world’s largest annual geothermal energy event, the GRC Annual Meeting and GeoExpo+, at the Salt Palace Convention Center in Salt Lake City, Utah from October 1-4, 2017. Utah Governor Gary Herbert will address the Opening Session of the GRC Annual Meeting on Monday, October 2, and he will be joined by other special guests and energy experts. The ...
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Frost & Sullivan Celebrates Green Companies at 2011 Asia Pacific Green Excellence Awards Banquet
Frost & Sullivan honoured and recognized 28 companies for their excellence in sustainable products, services and strategies at the 2011 Frost & Sullivan Asia Pacific Green Excellence Awards banquet held today at the Amara Sanctuary Resort Sentosa, Singapore. The 2011 Frost & Sullivan Green Excellence Awards are presented to companies in the Building and Environment, Energy, ...
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