Bjork, Fighting Canadian takeover of Iceland's geothermal resources.
When a story combines sizzling-hot steam generated from deep inside the earth’s core and Bjork, the iconic Icelandic singer, you’ve got something special. Read More »
Vancouver, BC., -based geothermal developer Magma Energy, has hired Annette Cusworth as chief financial officer (CFO). She replaces Sandra Lim who is retiring. Read More »
The U.S. Department of Energy announced a $98.5 million partial loan guarantee supporting Nevada Geothermal Power’s (NGP) 49.5-megawatt Faulkner 1 facility, part of the company’s Blue Mountain project in northwestern Nevada.
The guarantee supports a a loan arranged by John Hancock Financial Services earlier this year. Faulkner 1 is backed by a 20-year power purchase agreement with state utility, Nevada Power Company.
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Boise, Idaho-based U.S. Geothermal, given it meets certain conditions, secured a $102.2 million Department of Energy loan guarantee supporting the construction of its 22 megawatts Malheur County project in Southeastern Oregon.
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Geothermal power: ready to take off in the U.S.?
EnergySource LLC has broken ground on its $399 million, 49.9-megawatt Hudson Ranch I geothermal project in Imperial Valley, Calif., with financing from a banking consortium and GeoGlobal Energy – a developer backed by New Zealand’s Mighty River Power, Ltd.
The project, which is based on 65 acres of land near the Salton Sea geothermal region, will supply power to the Arizona-based utility Salt River Project for use in the Phoenix area. Read More »
