23 January 2015 09:47 AM GMT

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.

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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.

January 16th 2015
Alterra Sells 15-MW Geothermal Plant to Cyrq for US$8.5 Million

Alterra Power Corp., the Canadian renewable energy developer, has signed an agreement to sell its 15-megawatts Soda Lake geothermal power plant in Fallon, Nevada to an affiliate of Cyrq Energy for US$8.5 million.

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