The Environmental Blog
MAY 16, 2024
Renewable energy projects have gained significant traction recently due to growing concerns about climate change and the need for sustainable energy sources. These projects include a wide range of initiatives, from solar and wind farms to hydroelectric and geothermal power plants.
ThinkGeoEnergy
OCTOBER 26, 2023
State-owned electricity company Taiwan Power Co. Taipower) has inaugurated the 840-kW Renze geothermal power plant in Yilan County, Taiwan. The power plant is set to begin commercial operations by the end of this year. Jointly developed and constructed by Taipower and state-owned CPC Corp.
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ThinkGeoEnergy
AUGUST 25, 2023
The Prešov self-governing region has signed a memorandum of mutual cooperation with developer PW Energy for a geothermal power project in L’ubotice within the Prešov district. If the project proceeds, this will be first geothermal power plant in Slovakia. The planned geothermal project has a target capacity of 6.5
ThinkGeoEnergy
AUGUST 29, 2023
Between 2021 and 2022, the global weighted average levelized cost of electricity (LCOE) of ten newly commissioned geothermal projects fell by 22% to USD 0.056 kWh. This statistic was reported by the International Renewable Energy Agency (IRENA) in their newly published document, “Renewable Power Generation Costs in 2022.”
ThinkGeoEnergy
OCTOBER 24, 2023
The Energy Development Corporation (EDC) recently celebrated the 40th year anniversary of the Tongonan geothermal power plant in the Leyte geothermal field of the Philippines. After several years of intensive exploration and development work, the Tongonan-1 geothermal power plant was inaugurated on July 02, 1983.
ThinkGeoEnergy
JANUARY 22, 2024
In the coming years, the Krafla Magma Testbed (KMT) project in the Krafla geothermal field in Iceland aims to drill into a shallow magma chamber. This will serve as both a research facility and a demonstration facility for producing geothermal energy close to a magma body.
ThinkGeoEnergy
FEBRUARY 14, 2024
Veitur , a subsidiary of Reykjavik Energy (Orkuveita Reykjavíkur / OR), will soon drill nine (9) research boreholes in Álftanes, Iceland to evaluate the site’s potential for geothermal heating. Research boreholes will be drilled to depths of 60 to 100 meters. Drilling will take between one to three days for each borehole.
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