ees 2019
5 February 2015 10:44 AM GMT

Australian geothermal company Geodynamics Ltd. has received environmental approval for the exploration phase of the Takara Geothermal Power Project on the island of Efate in Vanuatu.

The project, developed by KUTh Energy Vanuatu, a wholly-owned subsidiary of Geodynamics, holds a 30-year production licence with exclusive rights to develop geothermal energy from an identified prospective geothermal area located near Takara on the main island of Efate. Once exploration is finalised to confirm resource, the project will be developed in two separate 4-MW […]

February 4th 2015
Abengoa Close to Finalising US$9.2 Billion Renewables Joint Venture With EIG

Renewable energy developer Abengoa is close to forming a joint venture with EIG Global Energy Partners to set up and operate a number of renewable energy projects.

February 3rd 2015
Philippines to Issue Tender for Geothermal, Hydro Plants This Month

The Philippine government plans to issue a tender later this month for 24 resources areas to be developed by private proponents of clean energy projects.

January 27th 2015
Raya, Bakrie Ink Deal to Sell Majority Stake in Indonesian Geothermal Plant

Australia’s Raya Group Ltd, formerly known as Panax geothermal, and its joint venture partner Bakrie Power have signed a preliminary agreement to sell a majority stake in their Sokoria geothermal project in Indonesia to Space Con.

January 23rd 2015
First Gen Raises US$170 Million to Fund Renewables Expansion

Philippine renewable energy producer First Gen Corp. has raised US$170 million by issuing shares to its parent company to fund new projects.

 
January 20th 2015
Abu Dhabi Fund to Offer US$57 Million for Renewables in Developing Countries

The Abu Dhabi Fund for Development has announced plans to offer US$ 57 million in concessional loans for five renewable energy projects in developing countries.

January 20th 2015
Geothermal Becomes New Zealand’s Second Largest Source of Power

Geothermal energy has overtaken gas to become New Zealand’s second most important electricity fuel source behind hydro power, according to electricity generator Mighty River Power.

January 19th 2015
Electroconsult Wins Funding for Geothermal Exploration in Ethiopia

Italy’s ELC Electroconsult SpA has secured US$499,000 in funding for a geothermal exploration program in the Aluto Langano area in Ethiopia.

January 19th 2015
California to Grant US$18 Million for Clean Energy, Efficiency Projects

The California Energy Commission approved nearly US$18 million to fund alternative energy and efficiency projects to help the state’s meet its climate and energy goals.

January 16th 2015
Sumitomo Wins Contract to Supply Geothermal Units to Pertamina

Japanese trading company Sumitomo has won a contract to supply two geothermal generation units to a project developed by Indonesia’s Pertamina Geothermal Energy.

January 16th 2015
Pertamina to Invest US$432 Million for Geothermal Projects

Indonesia’s state-owned Pertamina Geothermal Energy will invest US$ 432 million in 2015 to develop new geothermal projects, according to the Jakarta Post.

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