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.
Iceland, the world's leader in geothermal energy is going to work with China, the world's largest energy consumer, to develop geothermal resources in the Middle Kingdom, Bloomberg reports.
This week's Renewable Energy Leader's Forum features an executive hailing from Iceland. Alexander Richter helps coordinate the geothermal funding projects of a major Icelandic bank, Islandsbanki (translated, "Iceland's bank"). Islandsbanki is a major resource for the geothermal sector, which historically has a more difficul
The World Geothermal Conference, or WGC2010, held from April 25 to the 30 in Bali, touted Indonesia’s huge geothermal resources and aimed at transforming that Southeast Asian nation from an emerging economy to the geothermal capital of the world.