News
Sep 24, 2009More Forces than Mother Nature Helping to Bring Geothermal to the Surface
Geothermal - Industry Update, Edition 1.8: More Forces than Mother Nature Helping to Bring Geothermal to the Surface
CanGEA member, Wellington West, provides us with this geothermal industry update. Click here for the full report.
Renewable Portfolio Standards (RPS) mandates are growing.
California Governor passes Executive Order calling for 33% renewable by 2020. Australia passes RPS for 20% renewable power by 2020.
Private and public funds continue to flow across the globe.
CanGEA member, Ram Power closes C$180M equity raise; US Geothermal C$11M; Sierra Geothermal C$4M.
M&A activity starts to heat up
CanGEA member, Magma increases the stake in Iceland’s HS Orka from ~9% to 48%. Ram Power, WGP and GEO sign LOI to merge; combined ~800MW potential.
