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.

December 13th 2017
EDF Commissions 179 MW At Two Solar Power Plants In Nevada

Policy makers led by US Senator Harry Reid were present at a celebration formally recognising Switch Stations 1 and 2 solar power plants, with a combined generation capacity of 179 MWac, as fully commissioned and in commercial operation. Senator Reid stated “Less than a decade ago, Nevada’s solar energy landscape was nonexistent, but this commissioning helps fulfil the vision I had to make our state the leader in renewable energy development. A technology giant like Switch committing to using 100% renewable energy is truly visionary and grows our clean energy economy by creating hundreds of good-paying construction jobs here.”

December 8th 2017
Tata Power Solar Commissions India’s First Rooftop Solar Carport In Delhi

Tata Power Solar set another landmark by commissioning an unprecedented rooftop solar project in India – a solar carport on the rooftop of the sprawling 70,000 sq.m Unity One mall, in Rohini, Delhi. The unique rooftop carport is estimated to set off 438 tonnes of carbon emissions annually. The company won the bid in an open tender process fielded by Delhi Metro Rail Corporation for multi-level car parking. The project enables the mall to earn on the unused and excess solar electricity produced. It also cuts down the need to install a second meter or an expensive battery storage system as it is directly connected to the local power grid.

December 6th 2017
Renewables Provide 17.8% Of Total US Electricity. Solar Now 2.0% And Wind 6.0%

According to the latest issue of the U.S. Energy Information Administration’s (EIA) “Electric Power Monthly” report, U.S. electrical generation from renewable energy sources (i.e., biomass, geothermal, hydropower, solar – inc. distributed solar, wind) rose by 14.69% during the first three-quarters of 2017 compared to the same period in 2016. Simultaneously, electrical generation by fossil fuels and nuclear power combined declined by 5.41%. Nuclear power and coal both dropped by 1.5%, natural gas (including “other” gas) was down by 10.7%, and oil (i.e., petroleum liquids and petroleum coke) plunged by 17.1%.


 

   

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