21 May 2017 09:15 AM GMT

According to the latest issue of the Federal Energy Regulatory Commission’s (FERC) “Energy Infrastructure Update” (with data through March 31, 2017), wind and solar provided 50.84% of the new electrical generating capacity added to the U.S. grid during the first quarter of 2017. Significantly, renewables power sources are now almost 20% of the total US electrical generating capacity. If current growth rates continue, renewables should top 20% before the end of this year. Generating capacity from renewable sources is now more than double that of nuclear power (9.10%) and rapidly approaching that of coal (24.25%).

February 20th 2017
Renewables Provide 23% Of US Electrical Generation, As Wind, Solar Grow Rapidly

According to the U.S. Energy Information Administration (EIA); renewables provided 23% Of US electrical generation in 2016, as wind and solar surged with an increase of 23%. Electrical generation by coal dropped by 8.30% and that from petroleum liquids & coke plummeted by 15.37%. (Solar-generated electricity is now more than double that from petroleum sources.) Electrical output attributable to natural gas and other gases increased by just 3.47% while growth in the nuclear power sector was an anaemic 1.02%. Beyond solar, wind, and hydro; geothermal also posted an impressive increase of 9.41% in 2016.

July 4th 2016
Africa Sets 300GW by 2030 Clean Energy Target

Africa has launched the African Renewable Energy Initiative which aims to produce 300 gigawatts of clean energy for the continent by 2030.

January 24th 2016
EIB Sets Up US$174 Million Financing for Akuo Energy’s Projects

The European Investment Bank will offer as much as €164 million (US$174 million) in financing for nine renewable energy projects developed and run by Akuo Energy in France.

December 16th 2015
U.S. Geothermal Inc. Acquires Majority Stake in 13-MMW Project

U.S. Geothermal Inc. has acquired a 95% stake in the 13-megawatt Raft River geothermal project in Idaho from Goldman Sachs for US$5.1 million.

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December 14th 2015
U.S. Geothermal Inc. Applies to Delist Shares From TSX

U.S. Geothermal Inc. has applied for the voluntary delisting of the company’s shares from the Toronto Stock Exchange, but said its its shares will continue to trade on the NYSE market.

December 9th 2015
Toshiba Eyes Collaboration in Tanzania’s Geothermal Sector

Toshiba Corp. has signed an agreement with Tanzania Geothermal Development Co. to explore opportunities to collaborate in geothermal power development in Tanzania.

December 8th 2015
Ormat Technologies Inks Deal to Acquire Stake in French Geothermal Firm

Ormat Technologies has signed an agreement to acquire 85% of Geothermie Bouillante SA, geothermal project developer for US$56 million.

November 23rd 2015
Baseload Acquires 55-MW Geothermal Plant in California

Baseload Clean Energy Partners, a clean energy portfolio owned and operated by AltaRock Energy, has acquired Bottle Rock Power, the owner of a 55-megawatt dry-steam geothermal plant in Lake County, California.

November 10th 2015
U.S. Geothermal Inc. Signs Deal to Buy Geothermal Equipment

U.S. Geothermal Inc. has signed an agreement to acquire all of the major and long lead equipment for the construction of three binary geothermal power plants at what it called “a significant discount.”

November 2nd 2015
Mitsubishi Corp. Units in JV to Develop 15-MW Geothermal Project

Two Mitsubishi Corp. units, Mitsubishi Materials Corp. and Mitsubishi Gas Chemical Co., will set up a 15-megawatt geothermal power plant in northern Japan’s Iwate prefecture.

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