Friday, August 10, 2018

Geothermal Energy News from Around the World

Global Geothermal News - Weekly Update (Geothermal Resources Council)

A Round-up of this week's international geothermal energy news.......

Click on the links below to view the whole story and other news on Global Geothermal News.

GRC Annual Meeting & Expo -
October 14-17, 2018, Reno, Nevada, USA

Coming Soon - GRC Bulletin
Preview of the Next Geothermal Energy Magazine from the GRC - Vol. 47, No. 4, July/August 2018. The next GRC Bulletin will be published shortly. Produced by the Geothermal Resources Council since 1972, the Bulletin is the voice of the international geothermal energy community.

Monday, August 6

Indonesia: Drilling Starts at 86 MW Rantau Dedap Geothermal Project - The drilling of the RD-I3 well is the first of the plan to drill 16 exploitation wells. The wells consist of 14 production wells and two injection wells with estimated capacity of 7.8 MW per well.

Science & Technology: Discovery that Highly Pressurized Water in Vicinity of an Earthquake Tends to Limit its Intensity has Implications for Geothermal Energy- Researchers from École Polytechnique Fédérale De Lausanne (EPFL) and the École Normale Supérieure in Paris have found that the presence of pressurized fluid in surrounding rock can reduce the intensity of earthquakes triggered by underground human activities like geothermal energy production.

Tuesday, August 7

USA, California: Report Suggests More Geothermal Energy to Spread Clean Generation Throughout all Hours of the Day - The analysis concluded California will not need to build any new gas plants in CAISO territory now or through 2030 to meet its power needs.

Mexico: IDB Plans to Finance up to 300 MW of Geothermal Capacity Over a 10-year Period- It also hopes to leverage other public and private funds to contribute to Mexico’s geothermal sector with estimated investment levels to the tune of US$4.2 billion for proven geothermal reserves.

Wednesday, August 8

USA, Nevada: Ormat Plans to Add Additional 16 MW to Steamboat Hills Geothermal Power Plant - Steamboat Hills and its additional capacity will sell its power under the SCPPA portfolio PPA.

Philippines: Geothermal Developer to Acquire Remaining Publicly-Held Common Shares- In a disclosure to the exchange, the renewable energy company said it would conduct a tender offer for up to 2,040,006,713 common shares at P7.25 each that are held collectively by the public.

Thursday, August 9

New Zealand: Vacancy as Performance Manager at Geothermal Power Station - This role is described by the executive team as the CEO of the station”, in charge of a $500-700m asset & responsible for the performance and value creation of a geothermal power station and site including both short term profitability as well as long term sustainable value growth.

Nicaragua: San Jacinto-Tizate Geothermal Power Plant Generating Average of 63.7 MW- The company’s wholly-owned operating subsidiary, Polaris Energy Nicaragua S.A., which owns and operates the San Jacinto project, successfully connected both recently drilled wells, SJ 12-4 and SJ 12-5.

Friday, August 10

Ecuador: 50 MW Chachimbiro Geothermal Project Reports More than 200 Degree Celsius Source at 2,000 Meter Depth - The results allows the project to move on to the second stage in the development of the geothermal field.

Chile: Minister of Energy Promises to Update Current Geothermal Law to Aid Development- The Minister of Energy of Chile Mrs. Susana Jimenez announced her Government´s commitment to develop geothermal energy saying that she will push to update and improve the current geothermal law to expedite the development of the technology in Chile.

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