Reported by “Wasabi Energy (LON:WAS, ASX:WAS), the company has completed its purchase of 100 per cent of Global Geothermal Ltd. It comes as the company finalised its purchase of a 4.4 per cent minority stake in Global Geothermal from Exergy by issuing 50 million new shares at 2 cents a share as payment. As reported in January last year, the company bought... Read more
Archive for the ‘Kenya News’ Category
Indonesia creating $215 million loan program for geothermal development
May 18 | Posted by | Kenya NewsReported by the Jakarta Globe, the Indonesian government “is prepared to spend Rp 3.4 trillion ($366 million) to finance the construction of geothermal and micro-hydro power plants. The money will come from the State Investment Agency (PIP), which has been tasked with funding major infrastructure projects. Soritaon Siregar, the chairman of the PIP, said on Wednesday that the agency would provide loans... Read more
Geothermal Power Tanzania founded to explore and develop projects in Tanzania
May 17 | Posted by | Kenya NewsGeothermal power is one of the solutions to solve the Tanzanian energy demand, today and in the future. Geothermal power is renewable, environment friendly and offers base load electricity. Tanzania is a part of the East African rift valley stretching from north to south with many features like volcanoes and hot springs. Consequently it has high potential for electricity production. Geothermal... Read more
One week until the International Geothermal and EGS events in Freiburg, Germany
May 17 | Posted by | Kenya NewsThe upcoming 8th International Geothermal Conference and the inaugural International Conference on Enhanced Geothermal Systems will take place May 23-25, 2012 in Freiburg Germany. Both events are organized by Enerchange and will bring together a great set of speakers and specialists from many parts of the world. Program of the International Geothermal Conference: website Details on the International Conference on Enhanced Geothermal Systems:... Read more
German Geothermal Congress November 13-16, 2012 – Call for Papers
May 16 | Posted by | Kenya NewsThe German Geothermal Congress, organized by the German Geothermal Energy Association (Geothermie Bundesverband) will take place in Karlruhe, Germany, November 13-16, 2012. The congress is now issuing its Call for Papers. With numerous workshops and forums on topics of shallow and deep geothermal energy, this years Geothermal Congress DGK will offer to its participants again a manifold program. In his “Call... Read more
University spin-off plans on using CO2 for the extraction of geothermal heat
May 16 | Posted by | Kenya NewsA spinoff by the University of Minnesota in the U.S. expects to be using sequestered CO2 instead of water to extract geothermal heat from geothermal wells. Heat Mining Company LLC, said in a written statement that the use of sequestered carbon dioxide will allow electricity to be provided from many more sites than would be possible with conventional water-based systems and... Read more
Abandoned coal mines as source for geothermal direct use for heating
May 16 | Posted by | Kenya NewsReported by several media outlets earlier this month and in the past, old coal mines have a potential to be used for the utilization of geothermal heat for heating above the surface. There are projects and actual existing installations, e.g. in Springhill, Nova Scotia and planned project at Yellowknife in the Northwest Territories both in Canada. There have also been efforts... Read more
Tawau geothermal plant expected in 2015 in Malaysia completion
May 16 | Posted by | Kenya NewsReported from Malaysia, “the phase one of Tawau Green Energy Geothermal Power Plant involving generating capacity of 36MW is expected to be completed in 2015. The power plant at Apas Kiri, which is the first renewable and sustainable project of its kind in Malaysia, will supply 30MW to the Sabah Electricity Sdn Bhd (SESB) grid. Sustainable Energy Development Authority of Malaysia (SEDA... Read more
Great video showing Kalina Cycle in action at Unterhaching plant
May 16 | Posted by | Kenya NewsA recently posted video shows the technical set-up of the Kalina geothermal power plant in Unterhaching Germany, The video is presented by Wasabi Energy in a corporate video featuring the geothermal power plant of Unterhaching. The plant utilizes a Kalina Cycle binary system built by Siemens and produces power and heat for the local community. … and now here the link to... Read more
Geothermal Research Center built at University of Semarang, Java in Indonesia
May 16 | Posted by | Kenya NewsReported locally, “Diponegoro University of Semarang, central Java, is building a Geothermal Research Center to be run by the Faculty of Science and Mathematics to examine potential geothermal resources in Indonesia. “The Geophysics and Geothermal Research Centre building begins today and is targeted to be completed in November 2012,” said Dean of the university’s Faculty of Science and Mathematics M Nur... Read more
Ram Power announces record financial results for Q1 2012.
May 16 | Posted by | Kenya NewsIn a release by the company, “Ram Power, Corp. announces its operating results for the first quarter ended March 31, 2012. The achievement of commercial operation of the Phase I expansion at San Jacinto led to a major improvement in the financial performance of the Company. With $6.3 million in revenue and $2.7 million of earnings before interest, taxes, depreciation and... Read more
East African Geothermal Risk Mitigation operation awarded to German consortium
May 16 | Posted by | Kenya NewsPöyry Deutschland GmbH in association with GeoThermal Engineering GmbH (GeoT) has been awarded a Consulting Contract by the African Union Commission (AUC) in cooperation with the KfW Development Bank for the establishment and operation of the Geothermal Risk Mitigation Facility (GRMF) for Eastern Africa. The value of the contract amounts to EUR 3.5 million ($4.5 million) and it has been awarded in April 2012. The... Read more
EnergySource to unveal $400 m plant in dedication ceremony May 18, 2012
May 16 | Posted by | Kenya NewsA milestone geothermal project is celebrating its success in a dedication ceremony on May 18, 2012. EnergySource is holding a ceremony at its Hudson Ranch I geothermal power plant, the first stand-alone geothermal power plant at the Salton Sea resource in more than 20 years. The project represents a number of interesting milestones and facts that are interesting to mention. A... Read more
El Salador receives $2 million grant for regional Geothermal Training Center
May 15 | Posted by | Kenya NewsReported by Power Engineering, El Salvador will receive a grant of $ 2 million from the Inter-American Development Bank (IDB). The grant is to help the country to build and maintain a geothermal training center for Latin America and the Caribbean. The three courses of the program will be held over a three year time period from 2013-1015 at the University of... Read more
El Salvador plans to extend geothermal to more than 200 MW
May 15 | Posted by | Kenya NewsReported by BN Americas, El Salvador plans an ambitious renewable energy expansion of up to 689 MW throughout 2026 as part of a Master Plan for Renewable Energy Development. The plan was announced in January 2011 and worked on with the support of the Japan International Cooperation Agency. While Hydro and Concentrated solar power seem to be a key focus, geothermal is... Read more
Interview with Scientific Drillings new Global Marketing Director Jayme Sperring
May 15 | Posted by | Kenya NewsScientific Drilling International announced in April that it has named Jayme Sperring its new Director for Global Sales and Marketing. Based out of the company’s headquarter in Houston, Texas he will manage the company’s global directional drilling and production logging sales team and marketing department. Sperring joins Scientific Drilling from National Oilwell Varco (NOV), a manufacturer of drilling, fishing and completion downhole... Read more
Current U.S. geothermal rig count not promising for further growth
May 14 | Posted by | Kenya NewsWith the release of the latest Annual Power Production and Development Report by the U.S. Geothermal Energy Association in April this year, there are increasing voices over concerns as they relate to the growth of the U.S. geothermal market. Geothermal project development takes comparably longer than other renewable energy projects, which has been for years a concern. So uncertainties about government... Read more
KUTh Energy adapts PNG agreement with Kula Energy
May 14 | Posted by | Kenya NewsReported earlier this year, Australian geothermal developer KUTh Energy had signed an agreement with Kula Energy with the result of the latter being able to increase its stake after certain milestones have been achived. The companies now changed the agreement with the result of KUTh Energy keeping a majority stake by limiting Kula Energy to the possibility of earning a stake... Read more
GeoPower Indonesia & Philippines, interview with J. Bartak of IP-GDF Suez
May 14 | Posted by | Kenya NewsA recent interview by the organizers of the upcoming GeoPower Indonesia & Philippines event in Jakarta, Indonesia, June 6-7, 2012, caught my attention. In the interview Jan Bartak, Senior Head of Business Development of International Power – GDF Suez provides an insight into his company’s role and objectives in the geothermal sector. International Power – GDF Suez signed a PPA for... Read more
Ethiopia calls for support by African Development Bank for Aluto Langano project
May 11 | Posted by | Kenya NewsThe Climate Investment Funds (CIF) “provides a unique financing instrument designed to support low-emissions and climate-resilient development through scaled-up financing channeled through the African Development Bank, Asian Development Bank, European Bank for Reconstruction and Development, Inter-American Development Bank, and the World Bank Group.” The fund recently allocated endorsed parts of a $250 million investment plan to promote private and public sector-lead renewable... Read more
EDC to spend $33 m on geothermal in 2012
May 11 | Posted by | Kenya NewsReported from the Philippines, Energy Development Corp. (EDC) is ” looking at a complete capital expenditure of about P20 billion ($47 m) company-wide. A big chunk of that capex, P6 billion ($14 m) of that P20 billion, is the [Burgos] wind project. If the feed-in tariff is postponed and delayed and Burgos is moved to next year, that will not... Read more
ICEGS conference invites poster submissions on EGS projects
May 11 | Posted by | Kenya NewsFor the upcoming International Conference on Enhanced Geothermal Systems (ICEGS), the organizers of the conference offer EGS projects in development to present themselves in a poster exhibition. The exhibition expects posters to showcase EGS specific parameters and the planned use. In particular it is asked that the posters present target geology and structures, as well as the stimulation concept and... Read more
Saudi Arabia with ambitious renewable plans, including geothermal
May 11 | Posted by | Kenya NewsReported by Bloomberg and other media outlets, Saudi Arabia is starting an ambitious investment project to develop up to 41,000 MW in solar power capacity and 21,000 MW combined nuclear, wind and geothermal power generation capacity. It is so far unclear how large the geothermal portion of those planned 21,000 MW is, but it shows an interesting direction. While the focus... Read more
Challenging times and outlook for IPOs of renewable energy companies
May 11 | Posted by | Kenya NewsA recent article on Forbes, talks about the continuing challenges for the clean energy technology sector to raise financing on the financial markets through IPOs. The outlook is described as “rather bleak” with three companies recently having had to cancel their plans to go public in the U.S. in April of this year. According to the article the main reason seem to... Read more
TAS Energy starts performance testing at San Emidio plant of U.S. Geothermal
May 11 | Posted by | Kenya NewsIn a release by the development company, U.S. Geothermal announces that its EPC contractor TAS Energy “has started performance testing on the new 8.6 net megawatt San Emidio power plant. Performance testing includes guaranteed output, capacity, reliability and continuous operation tests that the plant must pass to achieve both commercial operation under the PPA and substantial completion under the EPC... Read more
Enel Green Power to focus on emerging markets in Latin America
May 11 | Posted by | Kenya NewsIn connection with the announcement of Enel Green Power about its $126 million investment into building its Cove Fort geothermal projects in Utah, U.S., the company also provided an insight into its geographical focus. Given stagnating power demand and the continued unclear regulatory framework in its home markets Italy and Spain, Enel Green Power aims at putting a corporate focus on... Read more
Hawaii geothermal bill could expand geothermal energy production
May 11 | Posted by | Kenya NewsReported yesterday, the state legislative in Hawaii has put forward a geothermal energy bill before the governor of Hawaii. The legislation could expand geothermal energy production across the state by amending the Hawaii State Planning Act to encourage development of geothermal energy projects on state and public trust land. “I really believe that the consumer should own the resource because it’s a... Read more
Senator Jeff Bingaman with keynote at international conference in Washington May 23, 2012
May 10 | Posted by | Kenya NewsIn a release yesterday, the “U.S. Geothermal Energy Association (GEA) announced that Sen. Jeff Bingaman (D-NM) will present the keynote address at the fourth annual International Geothermal Energy Showcase to be held this month in Washington, D.C. Sen. Bingaman, the Chairman of the Senate Energy and Natural Resources Committee, is a long-time supporter of the renewable energy sector and recognizes the economic... Read more
EDC expects surge in revenues from BacMan unit coming online
May 9 | Posted by | Kenya NewsPhilippine news are writing about that Energy Development Corp. (EDC) sees significant increase in earnings this year with one of its shuttered geothermal power plants expected to run for the entire year albeit at a fraction of its total generating capacity. Richard B. Tantoco, EDC president, said profitability should improve over the P615 million ($14.5 million) the company earned last year... Read more
NZ Ngatamariki project reports arrival of cooling system from Ormat
May 9 | Posted by | Kenya NewsReported in local media, the geothermal power project of Mighty River Power has reached a major milestone with the arrival of the towers for the air cooling system for the planned 82 MW geothermal power plant at Ngatamariki, New Zealand. The towers are provided by Ormat and arrived by ship in the Port of Tauranga. About 90 truckloads of equipment have... Read more
New investor joins Tawau project in Sabah in Malaysia
May 9 | Posted by | Kenya NewsReported today from Malaysia, “Continental Energy Corporation announced that it has purchased a 10% stake in Tawau Green Energy Sdn. Bhd. (“TGE”), a privately held company based in Kota Kinabalu, Sabah, Malaysia. TGE is a geothermal energy developer. On November 29, 2011, TGE entered into a Renewable Energy Power Purchase Agreement (the “PPA”) with Sabah Electricity Sdn. Bhd. (“SESB”) to supply... Read more
Iran reported to see first geothermal plant to come online in 2013
May 9 | Posted by | Kenya NewsReported from Iran, the Managing director of the Renewable Energy Organization of Iran (REOI) has announced that the country expects to commission its first geothermal power plant in 2013. Attention: a similar article appeared about the same plant in 2009 … so if anyone could confirm if this is happening that would be great. “Yousef Armodeli noted on Tuesday that installing the... Read more
U.S. federal clean energy funding to fall by more than 50% in 2012
May 9 | Posted by | Kenya NewsThere is the ongoing fear of the expected financial drop in the U.S, given expected tax hikes and spending cuts. For the clean tech and renewable energy sector though the drop could be even harder, so a recent article in the U.S. Annual federal clean tech expenditure had already seen a drop by $10 billion between 2009 and 2011, now that... Read more
Enel Green Power starts construction of 25 MW Cove Fort plant
May 9 | Posted by | Kenya NewsReported yesterday, the North American subsidiary of Italian listed Enel Green Power has started construction of its planned 25 MW geothermal power plant at Cove Fort in Utah. It is expected that the plant will start operate by the end of 2013 and will have cost approximately $126 million. The project has secured a 20-year power purchase agreement with local utility. “We... Read more
Steve Ponder joins GRC as interim Executive Director
May 9 | Posted by | Kenya NewsIn a release last week, the Geothermal Resources Council (GRC) announced the appointment of Steve Ponder as the association’s interim Executive Director, who took up his new duties on May 1. Steve has over 30 years of leadership experience in the renewable energy industry including geothermal development and operations for companies including Unocal, Geothermal Resources International and FPL Energy (FPLE). He helped develop... Read more
Continues capacity decline at Coso of concern for investors
May 9 | Posted by | Kenya NewsFitch Ratings has announced it has downgraded the rating on Coso Geothermal Power Holdings LLC $629 million ($523 million outstanding) pass through certificates due 2026 from ‘B’ to ‘CCC’. The downgrade reflects the continued decline in net capacity of the Coso geothermal resource (Coso) and projected cash flows that will be insufficient to meet debt obligations. The key driver for the... Read more
Calpine receives regulator approval for new plants at the Geysers
May 9 | Posted by | Kenya NewsReported from the U.S., Calpine has secured permits to build two new geothermal power plants at the Geysers area in California. The permits come from the air quality regulators and are another milestone in this 100 MW $700 million project. The planned plants are known as Wildhorse and Buckeye. Interesting fact is though that this would set the price at $7... Read more
Icelandic Orka Energy to collaborate more closely with Sinopec on geothermal development
May 9 | Posted by | Kenya NewsToday, Fu Chengyu, Chairman of the Board of Sinopec Group, and Haukur Hardarson, Chairman of the Board of the Icelandic company Orka Energy Holding ehf, signed an agreement that expanded their cooperation in harnessing geothermal energy for domestic heating, electricity production and other related projects within and outside China. These parties jointly own Shaanxi Green Energy Geothermal Development Co. Ltd.,... Read more
KUTh Energy closer to PPA in Vanuato with UNELCO
May 8 | Posted by | Kenya NewsLast month, Australian geothermal developer KUTh Energy has issued a joint release with UNELCO Electrique du Vanuatu Limited (UNELCO, part of the GDF Suez Group). UNELCO & KUTh unite to make geothermal electricity a reality for Vanuatu. With the Power Purchase Agreement close to being finalised, over half of Port Vila’s electricity could be supplied from a clean, renewable, local resource. “This... Read more
Iceland to lead EU geothermal research programs with $2.6m grant
May 8 | Posted by | Kenya NewsReported by the Icelandic National Energy Authority, the European Union has granted EUR2 million for a geothermal research program, called Geothermal ERA-NET. The funding is given to the National Energy Authority and Rannís in Iceland and eight European Energy Agencies. The Icelandic Energy Authority will be the project manager and receive EUR 600,000 ($780,000) of the funding.” In cooperation with GEORG (Geothermal... Read more
UK to support exploration drilling program on Montserrat in the Caribbean
May 8 | Posted by | Kenya NewsWith ongoing development in the Caribbean, and drilling going well in Dominica, the nearby island state of Montserra (UK territory) has now received the go ahead and “assurance of financial support for geothermal exploration after signing a Memorandum of Understanding with the UK Department of International Development”. “Funds will support phase one of an exploratory well drilling program over 12 months... Read more
Greenearth Energy chooses site for Geelong project in Australia
May 8 | Posted by | Kenya NewsGreenearth Energy has made another important step in its development of the Geelong Geothermal Power Project in Australia having chose the proposed site for the project. “A preliminary memorandum of intent has been entered into with Holcim (Australia) to site the geothermal power plant at Holcim’s Moriac quarry, 8.5 kilometres north-northwest of Alcoa’s (ASX: AAI) brown coal-fired power station at Anglesea,... Read more
EDC and Hot Rock execute JV agreements for Chile and Peru projects
May 8 | Posted by | Kenya NewsReported last week, the Philippine Energy Development Corp. (EDC), reports it has executed shareholders’ agreements (SHA) and ancillary documents with Hot Rock Ltd. (HRL) of Australia. “In a disclosure to the Philippine Stock Exchange, EDC said the agreement will set up project companies for each of the Longavi geothermal concession in Chile, and the Chocopata and Quellaapacheta geothermal authorizations in Peru. The... Read more
University of Nevada Reno hosting 2nd National Geothermal Academy
May 8 | Posted by | Kenya NewsAnnounced last week, the University of Nevada in Reno is going to host the 2nd National Geothermal Academy this summer, inviting scientists, engineers and students. The program starts June 18 and ends August 10, 2012. It features 8 modules of various elements on geothermal energy project development. The University was chosen to host the eight-week session of courses last year by a... Read more
Hawaii close to give environmental exemptions for geothermal development
May 8 | Posted by | Kenya NewsReported locally, strict environmental regulations in Hawaii have resulted in a lack of investment, due to the cost in time and money for developers. The subcommittee of the state Environmental Council now heard from potential geothermal developers in the state on why the State Land Department should be allowed to waive certain environmental regulations. The cost and timelines of the current rules... Read more
Enel inaugurates Stillwater hybrid solar and geothermal power plant
May 8 | Posted by | Kenya NewsLast week, Enel Green Power inaugurated its solar-geothermal plant at Stillwater, Nevada. It is the world’s first plant of this kind. The head of Enel Green Power North America, Francesco Venturini and Governor Brian Sandoval were present at the inauguration ceremony at the plant and praised the plant for its unique combination of two renewable energy sources for power generation. The combined... Read more
GRC opens nominations for GRC Awards 2012
May 8 | Posted by | Kenya NewsIn a recent release the Geothermal Resources Council (GRC) announces “the opening of nominations for this year’s GRC Awards. The awards recognize distinguished colleagues in the geothermal community from around the world and have been a highlight of the geothermal calendar since the late 1970s. The winners will honored at the GRC Annual Member Meeting and Awards Luncheon, the climax to... Read more
Thomas Kölbel of utility EnBW on Enhanced Geothermal Systems
May 7 | Posted by | Kenya NewsThinkGeoEnergy follows the upcoming International Conference on Enhanced Geothermal Systems (ICEGS 2012) to take place in Freiburg, Germany on May 25, 2012. As part of the conference I was able to speak with Dr. Thomas Kölbel, Senior Manager at German utility EnBW. He will be speaking at the conference on the cost of power generation from geothermal in the context... Read more
Susan Petty on the exciting things ahead for AltaRock Energy
May 2 | Posted by | Kenya NewsOver the years I have been following AltaRock Energy and its activities. I also had the pleasure meeting the CEO of the company Susan Petty at various events over the years. So I am very grateful for the chance I had to receive a bit more insight into the company’s project and activities as part of a recent interview with... Read more
Geodynamics to present lessons learned at ICEGS in Freiburg, May 25, 2012
May 2 | Posted by | Kenya NewsAt the upcoming International Conference on Enhanced Geothermal Systems (ICEGS), several case studies of EGS projects will be presented. Australian Geodynamics will present the Innamincka Deeps IV project in the Cooper Basin via a vide-conference. Part of that presentation will be discussion about the corrosion and blow-out at the Habanero 3 well in April 2009. Currently, Geodynamics is drillikng Habanero 4 and... Read more