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WHEB Buys Stake in Developer of Small-Scale Geothermal Power Plants

London-based green fund WHEB Partners has invested an undisclosed amount in Green Energy Group (GEG), a Norwegian supplier of small-scale geothermal power plants. GEG has developed tool kits-like geothermal plants that can be rapidly installed at the well-heads of proven geothermal resources. The investment …

Ram Power Walks Away From Southern California Edison PPA

Ram Power has announced the cancelation of a crucial long-term power purchase agreement with Southern California Edison (SCE) for the sale of power from its Orita project in Southern California’s Imperial Valley. It seems Ram was forced to cancel the contract because it …

Ram Power Closes $160M San Jacinto-Tizate Project

Geothermal developer Ram Power has closed a $160 million debt financing supporting the expansion of a key, fully contracted, Central American geothermal project.

Exclusive: Geothermal Developer Set To Scope For Financing For $200M California Project

A Reno, Nev., geothermal developer plans to start talks with banks to finance the construction of a utility-scale project, which is set to go online in California over the next two years.

IFC Closes $160M Financing For LatAm Geothermal Expansion

The World Bank’s International Finance Corporation (IFC) recently closed a debt financing supporting the expansion of a geothermal power plant in Nicaragua. Read More »

Terra-Gen Closes $286M Leaseback

Terra-Gen Power has closed a $286 million leaseback financing supporting its 67 megawatts Dixie Valley geothermal power plant in Churchill County, Nev. The facility is backed by a long-term power purchase agreement with Southern California Edison.

EU Geothermal Poised for Growth, Report Says

Installed capacity of geothermal generation in Europe is expected to reach close to 4,000 megawatts in 2016 from 1,558 megawatts in 2009, finds a report released by Frost & Sullivan, a London-based market research firm. European nations are taking a look at the …

Nevada Geothermal Closes $10M Private Placement

Vancouver, B.C.-based Nevada Geothermal Power has closed a C$10,350,000 ($10,110,387) private placement to finance the development of  its 49.5-megawatts Blue Mountain Faulkner 1 geothermal power plant in northwestern Nevada.

Ormat Secures $108M In DOE Cash Grants

Reno, Nev.,-based geothermal developer Ormat Technologies has secured $108.2 million in Department of Energy 1603 cash grants. Ormat plans to use the government cash to support the construction of about 100 megawatts in new capacity, including the North Brawley geothermal power plant in …

Bjork Rocks Iceland Into Probing Magma’s HS Orka Acquisition

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. Last year Vancouver, BC.,-based Magma Energy, the ambitious geothermal developer, established a …