geothermal project News

  • Geothermal Power Asia Congress 2013 to See More Successful Geothermal Projects

    Indonesia, projected to be the World’s 7th largest economy by McKinsey & Company by 2050, has witnessed a stable 6% GDP Growth over the past years. Bestowed with nearly 40% of the world’s geothermal potential, it is now on a fast track to expand its renewable energy capacity by increasing its geothermal installed capacity to 6,000MW by 2015 and provide 25% of national energy ...


  • Ormat Technologies, Inc. to develop a geothermal project in Honduras

    Ormat Technologies, Inc. (NYSE: ORA) announced today that an Ormat subsidiary entered into an agreement with Geotérmica Platanares to acquire a late stage development geothermal project in Honduras. The project comprises of the rights to a field where exploration work has been conducted in the past and a Power Purchase Agreement for up to 35MW with the national utility of Honduras, ...


    By Ormat Technologies, Inc.

  • Solar, geothermal projects touted at Vegas summit

    Solar projects in the desert, geothermal power in the mountains and wind energy off the East Coast were cited as examples of progress from top U.S. officials and industry leaders during a green energy conference on Tuesday in Las Vegas. But nuclear power nearly stole the show after a federal court in Washington, D.C., ruled that the Nuclear ...


    By Associated Press

  • Ormat Completes Acquisition of Platanares Geothermal Project in Honduras

    Ormat Technologies, Inc. (NYSE: ORA) announced today that its indirect, wholly-owned subsidiary, completed the acquisition of the Geotérmica Platanares geothermal project in Honduras from ELCOSA, a privately owned Honduran energy company, upon satisfaction of the required conditions precedent . Ormat will hold the assets under a Build, Operate and Transfer (BOT) structure for approximately ...


    By Ormat Technologies, Inc.

  • Geothermal project powers Western Australian University

    From an Article from The Australian written by Giles Parkinson, Perth-based company, Green Rock Energy will tap the hot hot water aquifers that deep beneath Perth to provide geothermal-powered air-conditioning to the University of Western Australia, it will be the first project of its kind. After securing the geothermal exploration project for the metropolitan area, Perth-based Green Rock has ...


    By GLOBE Foundation

  • US and Australian advanced geothermal projects face setbacks

    Efforts to develop and commercialize a new type of geothermal energy, called Enhanced Geothermal Systems (EGS), are facing technical setbacks in both the United States and Australia. EGS involves injecting water at high pressure into deep, hot rock formations to fracture the rock, creating either a new geothermal reservoir of hot water embedded in hot rock or expanding an existing geothermal ...

  • The 330 MW Sarulla Geothermal Power Project in Indonesia Signed Project Agreements

    Ormat named power plant technology provider. Among the world’s largest single-contract geothermal power plant. Project company expects to complete financing and begin construction in one year Ormat Technologies, Inc. (NYSE: ORA) announced today that Sarulla Operations Ltd. (SOL) has signed a Joint Operating Contract (JOC) and Energy Sales Contract (ESC) for the 330 MW Sarulla ...


    By Ormat Technologies, Inc.

  • The 330 MW Sarulla Geothermal Power Project In Indonesia Signed Project Agreements

    RENO, Nev., April 4, 2013 /PRNewswire/ -- Ormat Technologies, Inc. (NYSE: ORA) announced today that Sarulla Operations Ltd. (SOL) has signed a Joint Operating Contract (JOC) and Energy Sales Contract (ESC)for the 330 MW Sarulla geothermal power project in Tapanuli Utara, North Sumatra ...


    By Ormat Technologies, Inc.

  • Geothermal energy rocks!

    Combating climate change, while simultaneously getting energy to the two billion people without access to it, are among the central challenges of this generation. But a century-old energy technology that taps steam from hot underground rock seems to provide an answer to this challenge. Geothermal energy is a promising alternative to coal and oil-fired power generation. A project, testing ...

  • DOE-Geothermal Data Repository

    Geothermal energy hidden in the subsurface can be more effectively targeted through precise heatflow and temperature data. The Energy Department makes all data from DOE-funded projects available free online through the National Geothermal Data ...


    By US Department of Energy

  • OPIC Board Approves $310 Million for Geothermal Project in Kenya

    The Board of Directors of the Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, today approved up to $310 million in financing for a project that will double the generating capacity of a geothermal power plant in Kenya, adding new electricity to the country’s grid through the use of ...


    By Ormat Technologies, Inc.

  • Ormat Signs a $98.8 Million EPC Contract for Geothermal Project in Chile

    Ormat Technologies, Inc. (NYSE: ORA) announced today that its wholly owned subsidiary, Orandina I S.p.A., was selected through a competitive bid process and signed a $98.8 million engineering, procurement and construction (EPC) contract for a geothermal project in Chile. Under the EPC contract, Ormat will provide two air-cooled ORMAT® ENERGY CONVERTER (OEC) for a high enthalpy reservoir. The ...


    By Ormat Technologies, Inc.

  • Ormat Signs Agreement for North American Geothermal Power Plant Project

    Ormat Technologies, Inc. (NYSE: ORA) announced today that Ormat Nevada Inc., its wholly owned subsidiary, was selected to supply a $61.2 million engineering, procurement and construction (EPC) contract through a competitive bid process.  Under the expected EPC contract, which is currently under negotiation, Ormat will ...


    By Ormat Technologies, Inc.

  • Ormat Signs a $98.8 Million EPC Contract for Geothermal Project in Chile

    Ormat Technologies, Inc. (NYSE: ORA) announced today that its wholly owned subsidiary, Orandina I S.p.A., was selected through a competitive bid process and signed a $98.8 million engineering, procurement and construction (EPC) contract for a geothermal project in Chile. Under the EPC contract, Ormat will provide two air-cooled ORMAT® ENERGY CONVERTER (OEC) for a high enthalpy reservoir. The ...


    By Ormat Technologies, Inc.

  • President Obama announces US$467m in funding for geothermal and solar energy projects

    President Obama has announced over US$467 million from the American Reinvestment and Recovery Act to expand and accelerate the development, deployment, and use of geothermal and solar energy throughout the United States.  The funding announced this week represents a substantial down payment that will help the solar and geothermal industries overcome technical barriers, demonstrate new ...


    By US Department of Energy

  • Energy Department Announces $18 Million for Innovative Projects to Advance Geothermal Energy

    As part of the Administration’s all-of-the-above energy strategy, the Energy Department today announced up to $18 million for 32 projects that will advance geothermal energy development in the United States. The selected projects target research and development in three technology areas: advancing subsurface analysis and engineering techniques for enhanced geothermal systems (EGS), applying ...


    By US Department of Energy

  • Energy Department Finalizes loan guarantee for ormat geothermal project in Nevada

    U.S. Energy Secretary Steven Chu today announced the Department finalized a partial guarantee for up to a $350 million loan to support a geothermal power generation project.  The project, sponsored by Ormat Nevada, Inc., is expected to produce up to 113 megawatts (MW) of clean, baseload power from three geothermal power facilities and will increase geothermal power production in Nevada by ...


    By US Department of Energy

  • Department of energy finalizes $96.8 million loan guarantee for oregon geothermal project

    Energy Secretary Steven Chu today announced that the U.S. Department of Energy finalized a $96.8 million Recovery Act supported loan guarantee to a project sponsored by U.S. Geothermal, Inc. to construct a 23 megawatt (net) geothermal power project in Malheur County, in southeastern Oregon.  The company estimates that the project, known as Neal Hot Springs, will create approximately 150 ...


    By US Department of Energy

  • The race for alternative energy sources: new geothermal projects in Europe

    In the race to find alternative energy sources, geothermal energy is gaining favour. Geothermal energy is a continuous source of energy since the heat is trapped inside the earth, without depleting. This places geothermal energy above sporadic wind and solar energy, which tends to have a capacity factor of only 20-35%; geothermal capacity is more than 70%. Although global energy use from ...


    By Frost & Sullivan

  • Ormat Announces Start of Construction of the 35 MW Platanares Geothermal Project in Honduras

    Ormat Technologies, Inc. (NYSE:ORA) announced today that its indirect, wholly owned subsidiary has commenced construction of the 35 MW Platanares geothermal project in Honduras. In 2013, Ormat signed a Build, Operate, and Transfer (BOT) contract for the Geotérmica Platanares geothermal project in Honduras with ELCOSA, a privately owned Honduran energy company, for approximately 15 years ...


    By Ormat Technologies, Inc.

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