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Geothermal News

JBIC finances geothermal project in Indonesia

JBIC finances geothermal project in Indonesia

🕔Apr 6, 2018

The Japan Bank for International Cooperation (JBIC) has signed a loan agreement with PT Supreme Energy Rantau Dedap (SERD) for project finance amounting up to approximately US$188 million for the Rantau Dedap Geothermal Power Project in Indonesia. SERD is an Indonesian company partially owned by Marubeni Corporation and Tohoku Electric Power Co., Ltd.

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CIP and DEW partner to develop geothermal projects in Germany

CIP and DEW partner to develop geothermal projects in Germany

🕔Mar 8, 2018

Copenhagen Infrastructure Partners (CIP) has announced that it has entered into a partnership with German geothermal developer Deutsche ErdWärme (DEW) to develop a portfolio of geothermal energy projects in the upper Rhine valley of Germany, through its fund Copenhagen Infrastructure III K/S (CI III).

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RFP issued for 100 MW renewable projects in Portland

RFP issued for 100 MW renewable projects in Portland

🕔Mar 6, 2018

Portland General Electric Company has issued a draft Request for Proposals (RFP) seeking 100 MW of renewable power generating resources. PGE supplies electricity within 4,000 square mile service territory in north-west Oregon, USA.

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Ormat Technologies to buy US Geothermal Inc.

Ormat Technologies to buy US Geothermal Inc.

🕔Jan 30, 2018

U.S. Geothermal Inc. has announced that it has entered into a definitive merger agreement under which a wholly owned subsidiary of Ormat Technologies, Inc. will acquire the company for US$5.45 per share in an all cash transaction

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IPPToday #122: PPAs signed for US$4 billion geothermal projects in Ethiopia

IPPToday #122: PPAs signed for US$4 billion geothermal projects in Ethiopia

🕔Dec 22, 2017

Ethiopian Electric Power (EEP) has signed power purchase agreements (PPAs) with Corbetti Geothermal Power regarding two 500 MW geothermal projects in the Main Ethiopian Rift Valley that require a total investment of US$4 billion

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Southern Company Gas to Sell Elizabethtown Gas and Elkton Gas to South Jersey Industries in $1.7 Billion Deal

Southern Company Gas to Sell Elizabethtown Gas and Elkton Gas to South Jersey Industries in $1.7 Billion Deal

🕔Oct 26, 2017

A subsidiary of Southern Company Gas, Pivotal Utility Holdings, Inc., has entered into discussions to sell the assets of its utility operating divisions Elizabethtown Gas and Elkton Gas to South Jersey Industries with an enterprise value of about US$1.7 billion. 

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USTDA provides a grant for 100 MW geothermal project in Luzon

USTDA provides a grant for 100 MW geothermal project in Luzon

🕔Oct 23, 2017

The U.S. Trade and Development Agency awarded a grant to Tayabas Geothermal Power Inc. (TGPI) supporting the development of a 60-100MW geothermal power project in southeast Luzon, Philippines.

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GIC consortium marks partnership to secure future growth of geothermal energy investment

GIC consortium marks partnership to secure future growth of geothermal energy investment

🕔Oct 6, 2017

First Gen Corporation and Philippines Renewable Energy Holdings Corporation (PREHC) have marked the commencement of their strategic partnership as substantial shareholders in Energy Development Corporation (EDC).

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Alterra Power achieves US$133 million refinancing for Icelanding geothermal unit

Alterra Power achieves US$133 million refinancing for Icelanding geothermal unit

🕔Sep 20, 2017

 Alterra Power Corp. has annoucned the execution of a US$133 million refinancing of the corporate loans at its Icelandic subsidiary, HS Orka hf.

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Calpine to be acquired by Energy Capital-led consortium

Calpine to be acquired by Energy Capital-led consortium

🕔Aug 24, 2017

Calpine Corporation has announced that it has entered into a definitive agreement under which Energy Capital Partners (Energy Capital or ECP) along with a consortium of investors led by Access Industries and Canada Pension Plan Investment Board will acquire Calpine for US$15.25 per share in cash, or US$5.6 billion.

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Ormat secures first portfolio PPA for 150 MW of geothermal capacity

Ormat secures first portfolio PPA for 150 MW of geothermal capacity

🕔Jun 8, 2017

Ormat Technologies, Inc. has announced receipt of the final approval required for the execution of a Power Purchase Agreement (PPA) between ONGP LLC, a subsidiary of the Company, and Southern California Public Power Authority (SCPPA). Under the PPA, SCPPA will purchase 150MW of power generated by a portfolio of the company's new and existing geothermal power plants. SCPPA will resell the entire output to the Los Angeles Department of Water and Power (LADWP).

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ORIX to acquire 22% ownership stake in Ormat

ORIX to acquire 22% ownership stake in Ormat

🕔May 24, 2017

Ormat Technologies and ORIX Corporation has announced that ORIX will acquire an approximately US$627 million ownership stake in Ormat from FIMI ENRG Limited Partnership, FIMI ENRG, L.P., Bronicki Investments, Ltd., and senior members of management, representing in the aggregate an approximately 22.1% ownership position in Ormat.

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Chevron sells Indonesian Renewable Assets

Chevron sells Indonesian Renewable Assets

🕔Apr 10, 2017

AC Energy Holdings, Inc., a wholly-owned subsidiary of Ayala Corporation, and its Indonesian joint venture partners have completed the acquisition of Chevron Corp.’s geothermal assets and operations in Indonesia

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IIC provides financing to Enel's partially hooked to the grid  75 MW geothermal project in Chile

IIC provides financing to Enel's partially hooked to the grid 75 MW geothermal project in Chile

🕔Apr 10, 2017

South America’s first geothermal power plant Cerro Pabellón, which was built by the Enel Group’s renewable energy subsidiary Enel Green Power Chile Ltda. and Chile’s state-owned hydrocarbons company Empresa Nacional del Petróleo, has started delivering electricity to the Norte Grande Interconnected System that serves northern Chile.

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JICA to provide financing for Bolivian geothermal project

JICA to provide financing for Bolivian geothermal project

🕔Mar 31, 2017

On March 24, the Japan International Cooperation Agency (JICA) signed a loan agre​ement with the Government of the Plurinational State of Bolivia in La Paz to provide a Japanese ODA loan of up to JPY61.485 billion (US$552.53 million) for the Laguna Colorada Geothermal Power Plant Construction Project (Second Stage).
 

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Infravia and Eurazeo join forces to expand solar division of Fonroche

Infravia and Eurazeo join forces to expand solar division of Fonroche

🕔Feb 6, 2017

The shareholders of Fonroche, a key player in the renewable energy sector, have announced the spin-off of the company’s businesses into two separate groups.

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Financing announced for Indonesian geothermal project

Financing announced for Indonesian geothermal project

🕔Feb 6, 2017

The Asian Development Bank signed a new US$109 million financing package for the Muara Laboh geothermal power generation project in western Indonesia.

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ADB finances Indonesian geothermal power project

ADB finances Indonesian geothermal power project

🕔Feb 2, 2017

The Asian Development Bank (ADB) has signed a US$109 million project financing package for the 80 MW Muara Laboh geothermal power generation plant located in western Indonesia.

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Ormat Technologies sells 36.75% Equity Interest in the Second Phase of the Don A. Campbell Geothermal Power Plant

Ormat Technologies sells 36.75% Equity Interest in the Second Phase of the Don A. Campbell Geothermal Power Plant

🕔Dec 13, 2016

Ormat Technologies has announced that its wholly-owned subsidiary, Ormat Nevada, closed a follow-on equity transaction with Northleaf Capital Partners.

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Ormat Technologies signs 25-year PPA for the Ormesa Geothermal Complex in California

Ormat Technologies signs 25-year PPA for the Ormesa Geothermal Complex in California

🕔Dec 9, 2016

Ormat Technologies, Inc. has announced that its subsidiary entered into a 25-year Power Purchase Agreement with Southern California Public Power Authority to deliver electricity from its Ormesa geothermal complex in Imperial Valley, California beginning November 30, 2017.

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