Ormat Technologies Inc. announced that it has signed a contract with Banco Centroamericano de Integracion Economica (BCIE) for the supply, supervision of installation, start-up and testing of the Las Pailas Geothermal Plant, a new geothermal power plant that will be built in the Las Pailas Field, Costa Rica. Source:Ormat Secures US $65M Contract for Geothermal [...]
RWE Innogy has set up a joint venture with Daldrup & Söhne AG in order to develop, plan and construct a range of geothermal power stations in Germany and other locations in Europe. Source:RWE Innogy Starts Geothermal Joint Venture with Daldrup & Sohne
The U.S. Senate is expected to vote on Friday on its version of the American Recovery and Reinvestment Act of 2009, the stimulus package that the House of Representatives passed last week by a vote of 244-188. Source:Renewable Energy Stimulus Plan Update
Add California to the list of states that “see renewable energy as their future,” as the LA Times reported earlier this month. Our employment figures are down on a net basis, but renewable energy and energy efficiency remain bright spots in an otherwise maudlin economy. Source:Where Are the Local Stimulus Packages?
Raser Technologies Inc. announced the signing of a line of credit agreement, pursuant to which Raser may borrow up to US $15 million. Raser signed the credit agreement with a syndicate of four lenders, including an entity controlled by the company’s chairman, Kraig Higginson. The company obtained the line of credit in order to provide [...]
Financing conditions have changed so drastically, and quickly, in the U.S. during the past few months that renewable energy industry professionals may already be looking back at the recent years’ phenomenal growth rates with a sense of nostalgia. Whether it’s short-term bank lending or debt securities issuance, project or corporate finance, private placements or tax [...]
Better Place announced a partnership with the government of Ontario to help bring an electric car network to the province and create a model for the adoption of electric cars in Canada. Ontario, which is one of North America’s largest car producing regions, is trying to transition its auto manufacturing sector for future growth from [...]
