29 September '10
4:02 PM UTC
No Comments
  Geothermal

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. Read More »

20 September '10
9:45 AM UTC
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  Geothermal

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 California. Read More »

15 June '10
11:33 AM UTC
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  Geothermal

Nevada Geothermal: Energy Department Announces Guarantee for $98.5M Loan

The U.S. Department of Energy 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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