Innergex completes $1.1 billion acquisition of Alterra Power.

Innergex completes $1.1 billion acquisition of Alterra Power.

Innergex Renewable Energy Inc. completed the previously disclosed acquisition of Alterra Power Corp. by way of an arrangement agreement pursuant to which Innergex acquired all of the issued and outstanding common shares of Alterra for an aggregate consideration of $1.1 billion, including the assumption of Alterra’s debt. Innergex’s acquisition of Alterrra, its largest and most […]

Enel commissions geothermal-hydro hybrid power plant in US.

Enel commissions geothermal-hydro hybrid power plant in US.

Enel Green Power North America (EGPNA), a subsidiary of Enel, has commissioned a power plant in Utah, US that combines hydro and geothermal technologies. The company has added a fully submersible downhole generator to a geothermal injection well at the 25MW Cove Fort geothermal plant, which was commissioned in 2013. The world’s first integrated, commercial-scale […]

The Philippines’ environment secretary says coal has no future.

The Philippines’ environment secretary says coal has no future.

The Philippines’ new environment secretary will prioritize renewable energy over fossil fuels like coal in approving permits for new power plants. Southeast Asia’s fastest growing economy should build wind, solar and geothermal projects to capitalize on falling costs and minimize emissions, Gina Lopez, named Secretary of the Environment and Natural Resources by President Rodrigo Duterte last […]

EIB approves new financing for transport and energy projects.

EIB approves new financing for transport and energy projects.

The Board of Directors of the European Investment Bank today approved EUR 7.4 billion of new financing for 38 projects across Europe and around the world. Negotiations for the approved loans are expected to be finalised in the coming months. The Board approved EUR 3 billion of new EIB financing for seventeen projects backed by […]

Government of Serbia regulates incentives for renewables.

Government of Serbia regulates incentives for renewables.

Producers of electrical energy from renewable sources and power and heat in high efficiency cogeneration got incentives regulated by long-awaited decrees on measures and the procedure for acquiring the so-called privileged status. The Government of Serbia adopted the by-laws alongside the model for a standard power purchase agreement (PPA). The stimulation comes with a clause […]

U.S. Geothermal Inc. to Present at B. Riley & Co. 17th Annual Investors Conference.

U.S. Geothermal Inc. to Present at B. Riley & Co. 17th Annual Investors Conference.

U.S. Geothermal Inc. a leading renewable energy company, today announced that Douglas Glaspey, President and Chief Operating Officer, will present at B. Riley & Co.’s 17th Annual Investor Conference on Thursday, May 26, 2016 at 2:00pm PST. The conference will be held May 25-26, 2016 at Lowes Hollywood Hotel in Hollywood, California. The two-day, invitation-only […]

Indonesian President calls for review of ambitious energy strategy.

Indonesian President calls for review of ambitious energy strategy.

Indonesia’s President Joko Widodo has called for a review of the ambitious energy target by the country, which includes evaluating current tender process, financing and management by utility PLN. Earlier this month, Indonesian President Joko Widodo has called for a review of the ambitious energy target by the country. Under the current strategy, Indonesia plans […]

Philippines DOE open to FIT but with a focus on low enthalpy and small scale projects.

Philippines DOE open to FIT but with a focus on low enthalpy and small scale projects.

The Philippines Department of Energy has replied to request of a feed-in-tariff for geothermal, stating that if so it would have to go through the proper policy channels, but should be focused on low enthalpy and smaller scale projects for energy market diversification purposes. Reported by the Manial Bulletin, DOE seems to be generally open […]

More than 500 municipalities in Italy utilising geothermal energy for heating and cooling.

More than 500 municipalities in Italy utilising geothermal energy for heating and cooling.

More than 500 municipalities in Italy are utilising geothermal energy for heating and cooling. Italy is seeing a remarkable growth in renewable energy utilisation over the past ten years. From around 15% ten years ago, renewable energy now represents about 36% of energy consumption in Italy. As reported by Eco Business, “thirty-nine Italian municipalities are […]

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