MANILA, Philippines - APC Group Inc. expects to start commercial operations of a $300-million geothermal power project in the Cordilleras by 2018, ushering the entry of the SM Group into the energy production business.
APC Group, a subsidiary of SM Group's leisure and gaming unit Belle Corp., targets to achieve a generation capacity of as much as 300 megawatts (MW) in the long run,...
WASHINGTON, USA -- Latin America and the Caribbean's renewable energy endowment is large enough to cover its projected 2050 electricity needs 22 times over, according to a new report commissioned by the Inter-American Development Bank (IDB).
The report, Rethinking our Energy Future, argues that lower prices and new technologies are making renewables a viable alternative. Solar,...
CALGARY, ALBERTA--(Marketwired - June 18, 2013) - TransAlta Corporation (TSX: TA )(NYSE: TAC ) announced today that CalEnergy, LLC, a joint venture with MidAmerican Energy Holdings Company, had executed an 86 MW long-term contract for renewable geothermal power with the City of Riverside. Under the power purchase agreement, which runs from 2016 to 2039, CalEnergy will provide the power...
MANILA, Philippines - Lopez-led Energy Development Corp. (EDC) has signed four shareholders' agreements that would effectively implement its joint venture agreement with a Canada-based energy company for geothermal projects in Chile and Peru.
“Under the shareholders' agreement for the Mariposa project in Chile, EDC will acquire 70-percent interest in Compañía De...
The Cost of Renewable Energy Spreadsheet Tool (CREST) is an economic cash flow model designed to allow policymakers, regulators, and the renewable energy community to assess project economics, design cost-based incentives (e.g., feed-in tariffs), and evaluate the impact of various state and federal support structures. CREST is a suite of four analytic tools, for solar (photovoltaic and...
For only the second time since 2006, global investments in renewable energy in 2012 failed to top the year before, falling 12% mainly due to dramatically lower solar prices and weakened US and EU markets. Geothermal power plant. Renewable energies have rapidly become a vital part of the global energy mix...
This week the story broke that the geothermal power plant Hellisheiðarvirkjun, run by Reykjavík Energy (OR), is unsustainable.
The company's CEO Bjarni Bjarnason revealed that the Hengill geothermal area exploited by the plant is both smaller and not as rich in energy as assumed, that electricity production has already been scaled down and will continue to decrease if nothing is done to...
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