ThinkGeoEnergy
DECEMBER 5, 2023
Zimbabwe has announced plans of constructing a 10-MW geothermal power plant at the Chimbwawata Hot Springs in the Binga district. The announcement comes after the country has experienced increase drought frequency resulting in lower output from hydropower plants which accounts for about 69% of Zimbabwe’s energy generation.
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.”
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AGreenLiving
SEPTEMBER 30, 2021
The domestic production and use of renewable energy hit an all-time high between January and June 2021. Energy sources such as biomass, solar and hydropower accounted for a larger percentage of all energy produced in the U.S. Additionally, there was a small drop in the hydropower produced this year compared to last year.
Renewable Energy World
SEPTEMBER 2, 2021
MW Kiangan Hydroelectric Power Project currently under development in Ifugao Province, Philippines and the project concluded loan agreements with the Philippine Development Bank and other financial institutions as of Aug. The Kiangan project will be RENOVA’s first hydroelectric power project and its first investment in the Philippines.
Renewable Energy World
AUGUST 4, 2021
The world will need thousands of new solar, wind, and geothermal power plants. Read more: First half of 2021 sees record investment in renewable energy. Geothermal and hydropower plants can also support ecological regeneration. One planned geothermal power plant even includes a hotel and greenhouse.
ThinkGeoEnergy
NOVEMBER 17, 2023
The Multilateral Investment Guarantee Agency of the World Bank (MIGA) has increased the guarantees issued to Tulu Moye SAS of France covering its equity and quasi-equity investments in Tulu Moye Geothermal Operations Plc of the Federal Democratic Republic of Ethiopia. The original guarantees of $67.5 million over the original amount.
DeSmogBlog
MARCH 16, 2023
First, producers must contract with new renewable energy resources like wind and solar farms or geothermal power plants, ensuring that enough new clean electricity comes onto the grid to cover the hydrogen plant’s demand. Google still has a ways to go to achieve its goal. The market is heading in this direction,” said Fakhry.
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