14 December 2015 2015 03:23 AM GMT

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.

“The decision to voluntarily delist from the TSX is due to the very limited trading volume of the company’s shares on the TSX over a sustained period, with more than 97% of trades in the company’s securities over the past 24 months occurring on the NYSE, and only 3% occurring on the TSX,” U.S. Geothermal Inc. said in a statement. The delisting from TSX is expected to take effect as of the close of trading on December 31, 2015.

“We are executing our growth strategy which is very focused on delivering value to our shareholders.” said Dennis Gilles, CEO of US Geothermal. “We are also examining all costs and expenses and this is a prudent step which will favorably impact our bottom line.”

Following delisting from the TSX, the company intends to apply under Canadian securities laws for an order that it cease to be a reporting issuer in Canada. U.S. Geothermal Inc. has a total power generation of approximately 45 megawatts for a portfolio of assets. It has a number of projects in development stages, and expects installed capacity to reach 200 MW by 2020 through a combination of internal development and strategic acquisitions.

June 20th 2017
EDF, Canadian Solar Join Forces For One Of The Largest Solar Projects In LATAM

EDF Energies Nouvelles has acquired an 80% interest in the Pirapora II PV project (115 MWp) from Canadian Solar Inc., which is retaining a 20% stake and manufacturing the PV panels locally. It marks the latest step by EDF in Brazil’s renewable energy sector. With this addition, it now has 489 MW under construction, consisting of 183 MW (wind) and 306 MWp (solar). The project is located close to Pirapora I (191 MWp), also jointly owned by both companies. With a total installed capacity of over 300 MWp, the energy generated by both projects will cover the annual electricity consumption of 323,000 Brazilian homes.

June 23rd 2017
Indian Firm Wins 1.8GW Sweihan Order; The Largest Solar PV Project In The World

Indian company Sterling and Wilson has won the contract for the world’s largest single location solar PV project. The Sweihan project in Abu Dhabi is for turnkey EPC as well as O&M; and is jointly developed by Japanese investment firm Marubeni, Chinese solar company Jinko Solar, and Abu Dhabi Water and Electricity Authority (ADWEA). It will deliver a capacity of 1177 MWp, surpassing the current largest 850 MWp single location plant in China. In March 2017, Marubeni and Jinko had signed a 25-year PPA with ADWEA on a tariff of $0.0242/kWh, making Sweihan also the plant with the lowest electricity price so far.

May 21st 2017
US Wind And Solar Surge: Providing Majority of New Generating Capacity Q1 2017

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%).