U.S. Geothermal Inc.
An article on Sustainablebusinessoregon.com focuses on geothermal energy in Oregon, citing up to 19 projects in development in the state (GEA's 2012 US Geothermal Power Production and Development Report confirmed 16).
U.S. Geothermal Inc. (NYSE: HTM) announced it has received approval on an amended power purchase agreement for energy provided by its San Emidio Project to the Sierra Pacific Power Company (SPPC).
Solar power technology companies continued this week to lead the overall green indices and ETFs as well as the broad markets.
The EnergyBoom Solar Subindex (E•B Solar) increased 4.06 percent and the Guggenheim Solar ETF (TAN) gained 3.32 percent on the week, compared with the S&P 500 (+0.13 percent), the Dow Jones Industrial Average (+1.43 percent) and the NASDAQ composite ( -1.51 percent).
EnergyBoom’s Biofuel subindex (E•B Biofuel) increased 5.68 percent this week to beat the broad market indices and other green sector indices.
The subindex was led by Verenium Corporation (NASDAQ: VRNM) which increased 15.55 percent (-15.78 percent year-to-date) and Amyris, Inc. (NASDAQ: AMRS), which was up 12.56 percent (+43.62 percent since its initial public offering in late September).
EnergyBoom’s E•B Efficiency subindex had the best performance in November among Energyboom’s five sector indices and also beat all broad market indices for the month. The E•B Efficiency slipped 0.13 percent for the month, narrowly beating the best-performing broad market index, the S&P 500 Index (-0.23 percent).
Yesterday’s market selloff took a broad swipe across all sectors, with the solar stocks being the hardest hit among green sectors. The E•B Solar subindex lost 6.61 percent yesterday, compared the overall E•B Solar Clean 100 (down 2.98 percent), the S&P 500 Index (down 1.62 percent), the Dow Jones Industrial Average (down 1.59 percent) and the NASDAQ composite (down 1.95 percent). European exchanges were down slightly more than U.S. markets.
EnergyBoom’s E•B Solar subindex, led by the Chinese low-cost solar cell and module producers, increased 5.10 percent last week. E•B Solar beat EnergyBoom’s other four clean sector indices and all broad market indices except the Hang Seng (Hong Kong) Index which increased 7.18 percent.
U.S. Geothermal, Inc. subsidiary, USG Oregon LLC, recently announced the successful drilling and testing of NHS-8 [pdf], the third production well at the Neal Springs Geothermal Project in eastern Oregon.
U.S. Geothermal, Inc. has confirmed a strategic investment partnership with Enbridge Inc.
U.S. Geothermal Inc. (TSE:GTH) has received a special permit from the Washoe Planning Commission, allowing it to begin work on its San Emidio Geothermal Project in northern Nevada.
