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Innergex Renewable Energy announced that it has agreed to sell its wholly-owned subsidiary Magma Energy Sweden to a Macquarie Infrastructure and Real Assets managed European infrastructure fund for $304.8m.
Ormat Technologies, through its subsidiary company, has signed a Power Purchase Agreement (PPA) with Southern California Public Power Authority (SCPPA).
Italian energy company Enel has acquired a portfolio of 650MW renewable energy facilities from Enel Green Power North America Renewable Energy Partners (EGPNA REP) for $256m.
Shell, through its New Energies Research & Technology program, has agreed to join Eavor on a field trial for a new closed-loop conduction-only geothermal energy solution, Eavor-Loop in Canada.
Breakthrough Energy Ventures, an investor-led venture fund backed by some of the world’s top business executives, has invested in Baseload Capital, the private investment company which Climeon owns part of, to speed up the global deployment of low temperature geothermal heat power.
On February 23rd, Kerui Petroleum, along with a geothermal exploration company in East Africa, successfully signed a geothermal exploration contract with the Ethiopia electric power.
The Australian Renewable Energy Agency (ARENA) has announced a grant of $500,000 in funding to Climate-KIC Australia to carry out a three-year longitudinal study on the benefits of geothermal energy in the residential sector and greenfield estates.
Canadian Prime Minister, Justin Trudeau, has announced support for a new geothermal power facility near Estevan in Southeastern Saskatchewan, as part of the government’s measures to save the environment.
Climeon has secured an order from Iwana Power GK of Heat Power modules worth SEK40m ($4.47m).
Inpex has submitted an environmental impact assessment regarding construction of a geothermal power plant in partnership with Idemitsu Kosan and Mitsui Oil Exploration in the Oyasu District of Yuzawa City in Akita Prefecture, Japan.
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