The Hawaii Public Utilities Commission said June 15 it had approved a 20-year contract for Maui Electric Company to purchase 21 megawatts (MW) of wind power from Sempra Generation’s Auwahi Wind project on the Ulupalakua Ranch in southeastern Maui. The approval also included a determination that Maui Electric could build an above-ground transmission connection to its main local grid line.
Canadian geothermal power producer and developer Magma Energy Corp. (TSX: MXY.TO) said today it will sell a 25% share of its 98.5%-owned Icelandic geothermal power company HS Orka hf to a group of Icelandic pension funds for approximately C$71.5 million, approximately equal to Magma’s original cost of the acquisition.
In Chile, solar energy project developer Solarpack Corporación Tecnológica and state-owned Corporación Nacional del Cobre de Chile (Codelco), the world's leading copper producer, say they will build the country's first utility-scale solar power plant in northern Chile, an area with high potential for solar energy generati
In its recently released Sixth Edition of the Geothermal Report, ABS Energy Research concludes that although 2009 was a very difficult year for the geothermal industry, the market will continue to grow over the next five years.
This week we feature the founding fathers of another company which finances alternative energy and sustainability projects. Unlike Islandsbanki, however, Akeida Capital Management does not specialize in one particular area. Firms like Akeida Capital are a precious commodity in
The “Lithium Rush” is in full swing. Existing producers are expanding properties and junior mining companies are looking for news ones to meet the demand from the dozen automakers who are introducing new electric vehicles over the next two years. Some automakers are investing in mining projects to ensure their future lithium supplies.
Auckland-based Mighty River Power Ltd., the government-owned company that operates the world’s largest single-turbine geothermal generator, has announced an investment of US$107 million in a Southern California geothermal power plant, its first foray into the United States.