A Round-up of this week's geothermal energy news.......
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Tuesday, May 30, 2017
USA, Colorado: Geothermal Technologies Office Peer Review 2017 November 13-15, 2017, DoubleTree by Hilton - Stapleton North Denver, Colorado, USA
Global: Geothermal Energy Risk Mitigation Around the World - A Report Based on the World Bank’s own extensive global experience and drawing upon international expertise from leading specialists and practitioners, this report presents a comparative assessment of various approaches that have been applied around the world, with varying degrees of success, to mitigate resource risks and catalyze investments in developing the geothermal sector.
Chile: World Bank Grant to Strengthen Country’s Geothermal Sector The World Bank Board of Executive Directors approved a US$1.78 million Clean Technology Fund (CTF) Grant to “strengthen the Chilean Ministry of Energy’s capacity to further develop the country’s geothermal sector and improve its energy security,” energiasrenovables website reported.
GRC Annual Meeting & GEA GeoExpo+: Exhibit at the Geothermal Energy Event of the Year As of today, 57 Exhibitors have signed up to present their products and services at the geothermal energy event of the year.
Kenya: African Centre of Excellence in Geothermal Energy to be Located in Nakuru County Unep will set up an African regional geothermal hub in Kenya as a centre of excellence for the rest of the world.
Wednesday, May 31, 2017
Kenya: New Railway Line will Open Up Market for Geothermal Resources East Africa is now more accessible than ever. After two years of construction, Kenya's largest infrastructure project since independence, a $3.8 billion Chinese-built high speed railway, is up and running.
Indonesia: Funding to Help Minimize Risks During Geothermal Resource Exploration Stage The Indonesian Finance Ministry recently issued a new ministerial decree regulating the management of funds for the geothermal sector by state-owned infrastructure financing company PT Sarana Multi Infrastruktur (SMI).
GRC Annual Meeting & GEA GeoExpo+2017 - Sponsorship Opportunities Now Available! Sign Up Today! Sponsorships for the GRC Annual Meeting & GEA GeoExpo+ are now available. These are great opportunities for companies to get more exposure at the largest annual geothermal gathering in the world.
USA, California: Ormat Obtains 26 Year 150 MW PPA at $75.50 per MWh Ormat Technologies, Inc. today announced receipt of the final approval required for the execution of a Power Purchase Agreement (PPA) between ONGP LLC, a subsidiary of the company, and Southern California Public Power Authority (SCPPA).
Indonesia: Government to Auction Five Geothermal Sites With Capacity of 330 MW next Month Energy and Mineral Resources Ministry new renewable energy and energy conservation director-general Rida Mulyana said that the regulation is being finalized at the legal bureau. He expects the auction to commence in June. The ministerial regulation also conforms to the government regulation on geothermal utilization.
Thursday, June 1, 2017
USA: General Electric Set to Takeover Baker Hughes The European Union Commission cleared General Electric's purchase of Baker Hughes without conditions Wednesday. It determined that the merger of the two U.S. companies would do no harm to competition in European markets for various products where both were active.
USA, California: Los Angeles Mayor Loves Geothermal Energy! Mayor Eric Garcetti: “Washington may be burying its head in the sand — but by embracing geothermal energy and other renewables, we’re showing that cities can, and will, continue to lead the fight against climate change.”
Friday, June 2, 2017
Greece: Joint Venture Formed to Develop Geothermal Project Mr. Roman Panov, Managing Director - Chairman of the Board of JSC Rosgeologia and Mr. Dimitris Copelouzos, Chairman and Managing Director of Copelouzos Group, signed an agreement to jointly develop a geothermal project in northern Greece.
United Kingdom: Work on Cornish Geothermal Pool to Begin in September A historic open air pool will become the first in the country to be partially heated by geothermal energy. Penzance's Jubilee Pool has received a £1.4 million European grant to utilize geothermal waters at 35°C, to enable a year-round opening.
Russia: 1.9 GW of Renewable Energy Projects to Be Auctioned Russia is aiming to kickstart its renewables industry by auctioning off contracts to companies willing to purchase 1.9 GW of clean electricity, in its biggest ever tender for renewable energy. The government tender will run from May 29 to June 9 in two stages, and has attracted the interest of Finland’s largest energy company Fortum Oyj, along with Enel SpA of Italy.
USA: Western Imbalance Market Grows Market for Renewable Energy in West U.S. and Canada The Los Angeles Department of Water and Power (LADWP) will join the California Energy Imbalance Market beginning in April 2019, making it the 11th utility to agree to join the voluntary market.
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