Quantum Power East Africa GT Menengai Ltd has secured financing from the African Development Bank (AfDB) and Climate Investment Funds (CIF) Clean Technology Fund (CTF) for the 35 MW Menengai geothermal project in Kenya.
Indonesian state-owned utility PT PLN (Persero) has issued a request for proposals (RFP) for up to 1 GW geothermal projects. Interested parties are invited to submit bids to develop both geothermal steam fields and power plants with at least 5 MW capacity.
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.
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).
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.
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.
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
Southern Company Gas to Sell Elizabethtown Gas and Elkton Gas to South Jersey Industries in $1.7 Billion Deal
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.
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.
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).
Alterra Power Corp. has annoucned the execution of a US$133 million refinancing of the corporate loans at its Icelandic subsidiary, HS Orka hf.
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.
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).
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.
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
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.
On March 24, the Japan International Cooperation Agency (JICA) signed a loan agreement 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).
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.
The Asian Development Bank signed a new US$109 million financing package for the Muara Laboh geothermal power generation project in western Indonesia.
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.