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KenGen to invest on more geothermal amidst underperforming hydropower

ThinkGeoEnergy

KenGen has announced a revamped plan to generate more electricity from geothermal power plants in the face of low water inflows being experienced at their large hydropower stations. The Masinga Dam, Kenya’s largest hydropower dam, recorded a water level of 1039.42 mASL as of 6 November 2023.

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EDC bids on two geothermal sites following Philippine open tender

ThinkGeoEnergy

Geothermal developer Energy Development Corporation (EDC) has submitted bids for two geothermal sites following the Open and Competitive Selection Process (OSCP4) by the Philippine Department of Energy which concluded on 28 September 2023. Sembrano (20 MW) geothermal power projects.

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The COP28 pledge to triple up by 2030 and implications for geothermal

ThinkGeoEnergy

One of the biggest stories and most widely supported initiatives coming out of the 2023 UN Climate Change Conference (CO28) in Dubai, UAE is the pledge to triple the world’s installed renewable energy capacity by 2030 to limit global temperature rise to 1.5°C. The case for geothermal Currently, geothermal accounts for only about 0.5%

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MIGA, World Bank increases insurance coverage for Tulu Moye geothermal, Ethiopia

ThinkGeoEnergy

The project consists of the design, development, construction, operation, and maintenance of Phase 1 of a planned 150-MW greenfield geothermal power plant in Oromia Regional State in Ethiopia. This project will be one of the first geothermal independent power producers in Ethiopia. million, of which IDA’s share is $32.76

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Solar, Wind Tax Credit Extensions and Energy R&D Package in Spending Bill Before Congress

GreenTechMedia

The ITC will fall to a 22 percent rate for projects that begin construction by the end of 2023, and then fall to 10 percent for large-scale solar projects and to zero percent for small scale solar projects in 2024. Geothermal energy research will get $850 million, and hydropower and marine power will get $933 million.

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