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	<title>GreenEnergyForEarth.com -  Alternative Energy News and Green Products &#187; GEOTHERMAL</title>
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	<description>Green Events, Green Homes, Green Real Estate, Green Energy, Alternative Energy, Renewable Energy, Solar, Wind, Hydroelectric, Hybrid, Biofuels, Geothermal, Wave Power, Electric Vehicles, Energy Conservation, GREEN ENERGY JOBS</description>
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		<title>Oil Prices Do Not Reflect Demand</title>
		<link>http://www.greenenergyforearth.com/2012/01/17/oil-prices-do-not-reflect-demand/</link>
		<comments>http://www.greenenergyforearth.com/2012/01/17/oil-prices-do-not-reflect-demand/#comments</comments>
		<pubDate>Tue, 17 Jan 2012 07:05:10 +0000</pubDate>
		<dc:creator>LMerker</dc:creator>
				<category><![CDATA[BIOFUELS]]></category>
		<category><![CDATA[ENERGY CONSERVATION]]></category>
		<category><![CDATA[FUEL CELLS]]></category>
		<category><![CDATA[GEOTHERMAL]]></category>
		<category><![CDATA[INVESTMENTS]]></category>
		<category><![CDATA[OIL COMPANIES]]></category>
		<category><![CDATA[SOLAR POWER]]></category>
		<category><![CDATA[WIND POWER]]></category>
		<category><![CDATA[CNN]]></category>
		<category><![CDATA[Fareed Zakaria]]></category>
		<category><![CDATA[green energy investments]]></category>
		<category><![CDATA[oil prices]]></category>

		<guid isPermaLink="false">http://www.greenenergyforearth.com/?p=5519</guid>
		<description><![CDATA[According to Fareed Zakaria on CNN, oil prices are higher than normal for the current demand.  Political instability in the middle east has as inflated oil prices. Speculators have helped drive up prices.  As a result, there  may be increased interest in alternative energy.  Oil prices may fall when fear of political instability eases, unless [...]]]></description>
			<content:encoded><![CDATA[<p>According to Fareed <em>Zakaria </em>on CNN, oil prices are higher than normal for the current demand.  Political instability in the middle east has as inflated oil prices. Speculators have helped drive up prices.  As a result, there  may be increased interest in alternative energy.  Oil prices may fall when fear of political instability eases, unless demand increases.</p>
]]></content:encoded>
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		<title>Currency Rates Correspond to Energy Prices</title>
		<link>http://www.greenenergyforearth.com/2012/01/05/currency-rates-correspond-to-energy-prices/</link>
		<comments>http://www.greenenergyforearth.com/2012/01/05/currency-rates-correspond-to-energy-prices/#comments</comments>
		<pubDate>Fri, 06 Jan 2012 00:45:54 +0000</pubDate>
		<dc:creator>LMerker</dc:creator>
				<category><![CDATA[BIOFUELS]]></category>
		<category><![CDATA[ENERGY CONSERVATION]]></category>
		<category><![CDATA[FUEL CELLS]]></category>
		<category><![CDATA[GEOTHERMAL]]></category>
		<category><![CDATA[GOVERNMENT]]></category>
		<category><![CDATA[GREEN COMPANIES]]></category>
		<category><![CDATA[INVESTMENTS]]></category>
		<category><![CDATA[OIL COMPANIES]]></category>
		<category><![CDATA[SOLAR POWER]]></category>
		<category><![CDATA[UTILITY COMPANIES]]></category>
		<category><![CDATA[WASTE CONVERSION]]></category>
		<category><![CDATA[WAVE POWER]]></category>
		<category><![CDATA[WIND POWER]]></category>
		<category><![CDATA[Canada]]></category>
		<category><![CDATA[Canadian Dollar]]></category>
		<category><![CDATA[currency trading]]></category>
		<category><![CDATA[green energy investments]]></category>
		<category><![CDATA[green energy stocks]]></category>
		<category><![CDATA[Japan]]></category>
		<category><![CDATA[Japanese Yen]]></category>
		<category><![CDATA[oil prices]]></category>
		<category><![CDATA[solar energy stocks]]></category>
		<category><![CDATA[Solar Power stocks]]></category>

		<guid isPermaLink="false">http://www.greenenergyforearth.com/?p=5474</guid>
		<description><![CDATA[When oil prices rise, the Canadian dollar usually rises because Canada is a major exporter of oil. The Canadian Economy benefits from higher oil prices. The reverse is true for Japan, which imports most of its oil. The Japanese Yen falls in value when oil prices rise. In addition to the correlation with these currencies, [...]]]></description>
			<content:encoded><![CDATA[<p><script type="text/javascript" language="javascript" src="http://www.dpbolvw.net/placeholder-5704177?target=_top&#038;mouseover=N"></script></p>
<p>When oil prices rise, the Canadian dollar usually rises because Canada is a major exporter of oil. The Canadian Economy benefits from higher oil prices. The reverse is true for Japan, which imports most of its oil. The Japanese Yen falls in value when oil prices rise. In addition to the correlation with these currencies, higher oil prices creates more interest in alternative energy including solar power, wind energy and biofuels. The stocks of companies in these industries often rise when oil prices increase.</p>
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		<title>United Nations Framework Convention on Climate Change in Durban, South Africa Concludes</title>
		<link>http://www.greenenergyforearth.com/2011/12/12/united-nations-framework-convention-on-climate-change-in-durban-south-africa-concludes/</link>
		<comments>http://www.greenenergyforearth.com/2011/12/12/united-nations-framework-convention-on-climate-change-in-durban-south-africa-concludes/#comments</comments>
		<pubDate>Mon, 12 Dec 2011 17:09:12 +0000</pubDate>
		<dc:creator>eblock</dc:creator>
				<category><![CDATA[BIOFUELS]]></category>
		<category><![CDATA[COAL]]></category>
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		<category><![CDATA[NONGOVERNMENT ORGANIZATIONS [NGOs]]]></category>
		<category><![CDATA[NUCLEAR]]></category>
		<category><![CDATA[OIL COMPANIES]]></category>
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		<guid isPermaLink="false">http://www.greenenergyforearth.com/?p=5441</guid>
		<description><![CDATA[Dec 12, 2011 &#8211; The international United Nations Framework Convention on Climate Change in Durban concluded after generating mostly hot air!  The expression we hear many times with the politicians with regard to fixing the economy is that they are kicking the can down the road.  The 1997 Kyoto Protocol is being extended for several [...]]]></description>
			<content:encoded><![CDATA[<p>Dec 12, 2011 &#8211; The international United Nations Framework Convention on Climate Change in Durban concluded after generating mostly hot air!  The expression we hear many times with the politicians with regard to fixing the economy is that they are kicking the can down the road.  The 1997 Kyoto Protocol is being extended for several years instead of being replaced.  The terms of any replacement agreement will be negotiated in the future.  There was agreement to develop a fund, the Green Climate Fund, for poor countries, but the details will be decided in the future.  Please leave your comments here.</p>
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		<title>Do You Need Qualified Green Energy Employees?</title>
		<link>http://www.greenenergyforearth.com/2011/12/01/do-you-need-qualified-green-energy-employees/</link>
		<comments>http://www.greenenergyforearth.com/2011/12/01/do-you-need-qualified-green-energy-employees/#comments</comments>
		<pubDate>Thu, 01 Dec 2011 22:36:57 +0000</pubDate>
		<dc:creator>eblock</dc:creator>
				<category><![CDATA[AUTOMOBILES / CARS]]></category>
		<category><![CDATA[BATTERIES]]></category>
		<category><![CDATA[BIOFUELS]]></category>
		<category><![CDATA[EMPLOYMENT]]></category>
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		<category><![CDATA[GREEN ENERGY EMPLOYMENT]]></category>
		<category><![CDATA[GREEN ENERGY INSTALLERS]]></category>
		<category><![CDATA[HYDROELECTRICITY]]></category>
		<category><![CDATA[HYDROGEN]]></category>
		<category><![CDATA[INVESTMENTS]]></category>
		<category><![CDATA[NATURAL GAS]]></category>
		<category><![CDATA[NONGOVERNMENT ORGANIZATIONS [NGOs]]]></category>
		<category><![CDATA[NUCLEAR]]></category>
		<category><![CDATA[OIL COMPANIES]]></category>
		<category><![CDATA[PRODUCTS FOR SALE]]></category>
		<category><![CDATA[SOLAR POWER]]></category>
		<category><![CDATA[UTILITY COMPANIES]]></category>
		<category><![CDATA[WASTE CONVERSION]]></category>
		<category><![CDATA[WAVE POWER]]></category>
		<category><![CDATA[WIND POWER]]></category>

		<guid isPermaLink="false">http://www.greenenergyforearth.com/?p=5395</guid>
		<description><![CDATA[Dec 1, 2011 &#8211; Do you need qualified green energy employees.  They are reading this blog and similar  blogs and websites around the world.  Post your available jobs by clicking through on the posting to the right.  It is only $10 for 30 days of posting.  Please note that your posting will be seen on [...]]]></description>
			<content:encoded><![CDATA[<p>Dec 1, 2011 &#8211; Do you need qualified green energy employees.  They are reading this blog and similar  blogs and websites around the world.  Post your available jobs by clicking through on the posting to the right.  It is only $10 for 30 days of posting.  Please note that your posting will be seen on blogs and websites around the world, not just GreenEnergyForEarth.com.  Do it now.</p>
]]></content:encoded>
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		<title>Green Energy Jobs Available</title>
		<link>http://www.greenenergyforearth.com/2011/12/01/green-energy-jobs-available/</link>
		<comments>http://www.greenenergyforearth.com/2011/12/01/green-energy-jobs-available/#comments</comments>
		<pubDate>Thu, 01 Dec 2011 22:33:58 +0000</pubDate>
		<dc:creator>eblock</dc:creator>
				<category><![CDATA[AUTOMOBILES / CARS]]></category>
		<category><![CDATA[BIOFUELS]]></category>
		<category><![CDATA[EMPLOYMENT]]></category>
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		<category><![CDATA[GEOTHERMAL]]></category>
		<category><![CDATA[GREEN COMPANIES]]></category>
		<category><![CDATA[GREEN ENERGY EMPLOYMENT]]></category>
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		<category><![CDATA[HYDROELECTRICITY]]></category>
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		<guid isPermaLink="false">http://www.greenenergyforearth.com/?p=5392</guid>
		<description><![CDATA[Dec 1, 2011 &#8211; Check out the green energy jobs posted to the right of this post.  Once you click through you will be able to search for many more.  Get a job that you really believe in and that you will enjoy.]]></description>
			<content:encoded><![CDATA[<p>Dec 1, 2011 &#8211; Check out the green energy jobs posted to the right of this post.  Once you click through you will be able to search for many more.  Get a job that you really believe in and that you will enjoy.</p>
]]></content:encoded>
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		<title>DOE Awards Now Over $16 Billion</title>
		<link>http://www.greenenergyforearth.com/2011/10/25/doe-awards-now-over-16-billion/</link>
		<comments>http://www.greenenergyforearth.com/2011/10/25/doe-awards-now-over-16-billion/#comments</comments>
		<pubDate>Tue, 25 Oct 2011 15:59:51 +0000</pubDate>
		<dc:creator>eblock</dc:creator>
				<category><![CDATA[AUTOMOBILES / CARS]]></category>
		<category><![CDATA[BATTERIES]]></category>
		<category><![CDATA[BIOFUELS]]></category>
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		<category><![CDATA[GOVERNMENT]]></category>
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		<category><![CDATA[INVESTMENTS]]></category>
		<category><![CDATA[NATURAL GAS]]></category>
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		<category><![CDATA[clean energy]]></category>
		<category><![CDATA[Department of Energy]]></category>
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		<category><![CDATA[green energy]]></category>
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		<guid isPermaLink="false">http://www.greenenergyforearth.com/?p=5268</guid>
		<description><![CDATA[Oct 25, 2011 &#8211; As the government fiscal year wound down at the end of September the Department of Energy followed the famous government maxim: Use it or lose it.  In the last week of September it awarded almost $6 billion in loan guarantees for clean energy manufacturers. Hopefully, no more Solyndras. The total is [...]]]></description>
			<content:encoded><![CDATA[<p>Oct 25, 2011 &#8211; As the government fiscal year wound down at the end of September the Department of Energy followed the famous government maxim: Use it or lose it.  In the last week of September it awarded almost $6 billion in loan guarantees for clean energy manufacturers. Hopefully, no more Solyndras. The total is now over $16 billion with solar receiving over $13 billion.  Surprisingly, the quickest payback comes from conservation technologies and only a miniscule amount is targeted there. Please leave your comments here.</p>
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		<title>Renewable Energy That Could Expand with Five Partnerships</title>
		<link>http://www.greenenergyforearth.com/2011/10/04/renewable-energy-expansions-with-partnerships/</link>
		<comments>http://www.greenenergyforearth.com/2011/10/04/renewable-energy-expansions-with-partnerships/#comments</comments>
		<pubDate>Tue, 04 Oct 2011 15:55:26 +0000</pubDate>
		<dc:creator>abster2008</dc:creator>
				<category><![CDATA[ENERGY CONSERVATION]]></category>
		<category><![CDATA[GEOTHERMAL]]></category>
		<category><![CDATA[SOLAR POWER]]></category>
		<category><![CDATA[WIND POWER]]></category>
		<category><![CDATA[geothermal energy]]></category>
		<category><![CDATA[New Hampshire]]></category>
		<category><![CDATA[oil]]></category>
		<category><![CDATA[partnerships]]></category>
		<category><![CDATA[renewable energy]]></category>
		<category><![CDATA[Solar Energy]]></category>

		<guid isPermaLink="false">http://www.greenenergyforearth.com/?p=5162</guid>
		<description><![CDATA[Strength in Numbers: 5 Partnerships That Could Expand Renewable Energy By Steve Leone, Associate Editor, RenewableEnergyWorld.com October 4, 2011 New Hampshire, U.S.A. &#8212; Today, there is no perfect form of energy. Fossil fuels are abundant but dirty. Solar and wind are clean but intermittent, and geothermal is cheap once its running but difficult to get [...]]]></description>
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<div><strong>Strength in Numbers: 5 Partnerships That Could Expand Renewable Energy</strong></div>
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</strong></div>
<div>By 			 				 					Steve Leone, Associate Editor, <a title="Renewable Energy World" href="http://www.RenewableEnergyWorld.com" target="_blank">RenewableEnergyWorld.com </a><br />
October 4, 2011</div>
</div>
<p>New Hampshire, U.S.A. &#8212; 								 			 		 		 		 			 				Today, there is no perfect form of energy. Fossil fuels are abundant  but dirty. Solar and wind are clean but intermittent, and geothermal is  cheap once its running but difficult to get started. Yet, as  technologies evolve, so do creative partnerships that maximize an  energy&#8217;s potential while hedging against its shortfalls.</p>
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<p>Perhaps  another sign of the continuously maturing renewable  energy industries  is their ability to form new relationships with each  other while  exploring relationships with other more established forms  of energy.  We’ve seen this with natural gas, which is valued for its  ability to  team up with with solar and wind technologies for combined  cycle power  plants. The last few weeks have opened the possibility of  new creative  ventures beyond natural gas. Two industries in particular —  solar and  geothermal — seem to be making the most waves in linking  their  technologies with new partners.</p>
<p>Here’s a quick peek at some developments that may raise acceptance and, ultimately, the bottom line.<strong> </strong></p>
<p><strong>Geothermal and Batteries</strong></p>
<p>If the electric vehicle market is to take off, it may get an unexpected boost from geothermal power.</p>
<p>California-based  Simbol Materials plans to tap into existing geothermal plants to  extract lithium to be  used for batteries for electric vehicles and  portable devices. The  company says it can do this — waste-free — by  separating high-quality  minerals that are found in brine from  geothermal power production.  According to the company, the newly opened  500-ton capacity facility  near the Salton Sea in Imperial Valley,  Calif. is the first battery  materials producer of its kind.</p>
<p>“The  market continues to look for new, innovative and higher quality   materials to increase the efficiency and quality of battery   performance,” said Josh Green, General Partner of Mohr Davidow, a lead   investor in Simbol Materials.</p>
<p>According  to published reports, nearly 75 percent of the world’s  lithium once  came from the United States. Now, it hovers around five  percent, with most  production found in Chile, Argentina and Bolivia.  The United States,  meanwhile, is the world leader in geothermal power  production.</p>
<p><strong>Geothermal and Solar</strong></p>
<p>For  an industry that has seen one new plant come online since the  end of  2009, much of the difficulty can be attributed to the cost  associated  with exploration and permitting. But some of it also speaks  to the  unpredictability of a geothermal resource 20 years down the  road. How  can a development promise how much power will be produced  decades from  now when negotiating a power purchase agreement?</p>
<p>Well,  what’s more predictable than the sun? That’s not expected to go  anywhere for a few billion years. Enel Green Power North America just  might be onto something with the company’s decision to co-locate a 24-MW  photovoltaic solar farm on a 240-acre parcel adjacent to its 60-MW  Stillwater geothermal plant  in Churchill County, Nevada. Conceivably,  solar could offset concerns  about resource predictability while  contributing to a plant’s capacity.</p>
<p>The  solar power produced will integrate into the existing plant,  allowing  it to produce more power, especially during periods of peak  energy. It  also saves the power producer the costs associated with  interconnection  and operation. This is the first such project in the  United States, and  according to company officials, likely the first in  the world.  Construction is ongoing, and the company hopes to bring it  online by the  end of the year.</p>
<p>The  questions will now focus on how to take advantage of this  technological  marriage beyond this one PV addition. Will there be a  natural marriage  between geothermal and concentrating solar power  (CSP)? Will solar see  geothermal as an answer to its intermittency  problem, and will  geothermal turn to solar to make it more bankable?</p>
<p><strong>Solar and Wind</strong></p>
<p>Until  storage becomes a cost-effective option, wind and solar will  share the  same difficulties. Their intermittency is pointed to by  critics as proof  of their lack of reliability. But they also perform  best at different  times. While the sun shines during the day, winds are  generally most  reliable at night.</p>
<p>Using  them in combination has proven beneficial so far for Western  Wind  Energy, which recently opened its Kingman I solar and wind project  in  Kingman, Ariz. The 10.5-MW facility is the first utility-scale  operation  designed to use both technologies. The facility uses five  Gamesa wind  turbines and a 500-kW solar PV array.</p>
<p>The  hope is that the Kingman project will allow Western Wind Energy to  better understand how wind and solar can complement each other for a   24-hour power cycle, and how they can be combined from a land-use   perspective.</p>
<p><strong>Solar and Oil</strong></p>
<p>One of America’s oldest oil fields is the site of one of its newest partnerships.</p>
<p>BrightSource  Energy’s  29-MW facility has been built to help Chevron’s oil recovery  in  Coalinga, Calif, which has been ongoing since 1890. BrightSource’s  CSP  plant will produce high-pressure steam that will be pumped deep into  an  existing oil reservoir, which increases pressure underground and  makes  it easier to bring the oil to the surface. The steam is then  cooled  and recirculated in a closed-loop system. Traditionally, the  steam at  the Coalinga plant has been generated by burning natural gas.</p>
<p>“The  energy intensity associated with extracting heavy-oil is  extremely  high. This presents a significant challenge to containing  emissions and  to the supply of fuel — such as natural gas — for this  process,” said  Paul Markwell, a senior research director with IHS CERA.  “Many of the  known heavy-oil reserves around the world have limited  access to  cost-effective fuel sources and are located in areas with  high solar  resources. This provides an ideal environment for the use of  solar  thermal technologies for enhanced oil recovery.”</p>
<p><strong>Geothermal and Oil </strong></p>
<p>The  geothermal industry is patiently awaiting movement of a Senate bill that would allow those with federal oil and gas leases to produce   geothermal power. The current system requires a competitive lease be   issued to produce geothermal power on federal land.</p>
<p>So  far, there has been little practical traction in the field, but  the  geothermal-oil relationship has made some strides in demonstration   facilities in Louisiana, Mississippi and Wyoming.</p>
<p>According  to Karl Gawell of the Geothermal Energy Association,  the typical oil  well in West Texas produces eight gallons of hot water  for every gallon  of oil recovered. Right now, they have to pump those  oil wells with  electricity, and for many of the oil fields, that  represents their  largest cost. So geothermal power would seem to be an  ideal fit for an  operation looking to secure its bottom line.</p>
<p>While this bill may never make it out of committee, it could lay the groundwork for yet another emerging energy partnership.</p>
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		<title>Ormat Technologies Finalizes Loan Agreement of Up To $350 Million Under the U.S. Department of Energy&#8217;s 1705 Loan Guarantee Program</title>
		<link>http://www.greenenergyforearth.com/2011/09/26/ormat-technologies-finalizes-loan-agreement-of-up-to-350-million-under-the-u-s-department-of-energys-1705-loan-guarantee-program/</link>
		<comments>http://www.greenenergyforearth.com/2011/09/26/ormat-technologies-finalizes-loan-agreement-of-up-to-350-million-under-the-u-s-department-of-energys-1705-loan-guarantee-program/#comments</comments>
		<pubDate>Mon, 26 Sep 2011 23:50:43 +0000</pubDate>
		<dc:creator>eblock</dc:creator>
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		<category><![CDATA[geothermal power]]></category>
		<category><![CDATA[Jersey Valley]]></category>
		<category><![CDATA[John Hancock Life Insurance Company]]></category>
		<category><![CDATA[McGinness Hills]]></category>
		<category><![CDATA[Nevada]]></category>
		<category><![CDATA[Nevada Power Company]]></category>
		<category><![CDATA[NV Energy]]></category>
		<category><![CDATA[NYSE]]></category>
		<category><![CDATA[OFC2]]></category>
		<category><![CDATA[ORA]]></category>
		<category><![CDATA[Ormat Technologies]]></category>
		<category><![CDATA[Title XVII]]></category>
		<category><![CDATA[Tuscarora]]></category>
		<category><![CDATA[US Department of Energy]]></category>

		<guid isPermaLink="false">http://www.greenenergyforearth.com/?p=5113</guid>
		<description><![CDATA[Sep 24, 2011 &#8211; Ormat Technologies, Inc. (NYSE: ORA) announced that its wholly-owned indirect subsidiary, OFC 2 LLC, and its project subsidiaries (&#8220;Ormat&#8221;), have finalized and signed the loan documentation for a 20-year loan for up to $350 million under a financing with John Hancock Life Insurance Company (USA).  The transaction will be guaranteed by [...]]]></description>
			<content:encoded><![CDATA[<p>Sep 24, 2011 &#8211; Ormat Technologies, Inc. (NYSE: ORA) announced that its wholly-owned indirect subsidiary, OFC 2 LLC, and its project subsidiaries (&#8220;Ormat&#8221;), have finalized and signed the loan documentation for a 20-year loan for up to $350 million under a financing with John Hancock Life Insurance Company (USA).  The transaction will be guaranteed by the U.S. Department of Energy&#8217;s Loan Programs Office in accordance with and subject to the Department&#8217;s Loan Guarantee Program under Section 1705 of Title XVII of the Energy Policy Act of 2005.</p>
<p>The financing will support clean, sustainable power generation from three geothermal power facilities located in the State of Nevada, which are scheduled to be built in two phases and expected to generate up to 113 MW of power.  The capacity of the first phase is expected to be up to approximately 60 MW.</p>
<p>The second phase development is subject to the feasibility assessment of the geothermal resource, which will be performed following completion of the first phase of each facility, and fulfillment of other conditions in the loan documents.</p>
<p>The 3 Nevada-based facilities &#8211; Jersey Valley, Tuscarora and McGinness Hills &#8211; will provide clean and baseload power through 20-year power purchase agreements with Nevada Power Company, a subsidiary of NV Energy.</p>
<p>Construction of the Jersey Valley power plant is substantially completed, while the field development is ongoing.  Commissioning of the first phase of the Tuscarora and McGinness power plants is expected in 2012.</p>
<p>In anticipation of the closing, the Company had previously entered into several rate lock transactions, as insurance against an increase in the 10- year Treasury Rate, until the funding date of the loan. These transactions did not qualify for hedge accounting.  While precise figures are not yet available, the Company expects that if the Treasury Rate remains at its current historic low levels through September 30, 2011,  the date on which its rate lock transactions mature, it will incur a pre-tax loss of approximately $17 million, which will adversely affect the financial results of operation in the third quarter of 2011. $4.7 million of this amount has already been recognized as a pre-tax loss by the Company in the six months ended June 30, 2011.</p>
<p>Dita Bronicki, CEO of Ormat Technologies, said, &#8220;Support from the 1705 program enables us to expand our geothermal portfolio in the U.S. under financing terms for the two-phase structure of the Project that we would otherwise not obtain in the private markets.  Over the long term, we consider this loan to be a favorable financing instrument which will decrease our financing costs. We appreciate the Loan Programs Office leadership and expertise during its careful and thorough review of our application and are thankful to John Hancock Life Insurance Company (USA) for its support of geothermal development that will bring additional baseload and reliable capacity to the national grid.&#8221;</p>
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		<title>Ormat Technologies Receives US$ 310 Million Commitment Letter to Refinance and Expand Its Olkaria III Geothermal Complex in Kenya</title>
		<link>http://www.greenenergyforearth.com/2011/09/22/ormat-technologies-receives-us-310-million-commitment-letter-to-refinance-and-expand-its-olkaria-iii-geothermal-complex-in-kenya/</link>
		<comments>http://www.greenenergyforearth.com/2011/09/22/ormat-technologies-receives-us-310-million-commitment-letter-to-refinance-and-expand-its-olkaria-iii-geothermal-complex-in-kenya/#comments</comments>
		<pubDate>Thu, 22 Sep 2011 21:40:25 +0000</pubDate>
		<dc:creator>eblock</dc:creator>
				<category><![CDATA[GEOTHERMAL]]></category>
		<category><![CDATA[GOVERNMENT]]></category>
		<category><![CDATA[GREEN COMPANIES]]></category>
		<category><![CDATA[INVESTMENTS]]></category>
		<category><![CDATA[Dita Bronicki]]></category>
		<category><![CDATA[Kenya]]></category>
		<category><![CDATA[Naivasha]]></category>
		<category><![CDATA[NYSE]]></category>
		<category><![CDATA[Olkaria III]]></category>
		<category><![CDATA[OPIC]]></category>
		<category><![CDATA[ORA]]></category>
		<category><![CDATA[Ormat International]]></category>
		<category><![CDATA[Ormat Technologies]]></category>
		<category><![CDATA[Overseas Private Investment Corporation]]></category>

		<guid isPermaLink="false">http://www.greenenergyforearth.com/?p=5092</guid>
		<description><![CDATA[Sep 22, 2011  &#8211; Ormat Technologies, Inc. (NYSE: ORA) announced today that its wholly-owned subsidiary, Ormat International, Inc., signed a commitment letter issued by the Overseas Private Investment Corporation (&#8220;OPIC&#8221;) to provide project financing of up to $310 million, to refinance and expand Ormat&#8217;s 48 MW Olkaria III geothermal complex located in Naivasha, Kenya. Under [...]]]></description>
			<content:encoded><![CDATA[<p>Sep 22, 2011  &#8211; Ormat Technologies, Inc. (NYSE: ORA) announced today that its wholly-owned subsidiary, Ormat International, Inc., signed a commitment letter issued by the Overseas Private Investment Corporation (&#8220;OPIC&#8221;) to provide project financing of up to $310 million, to refinance and expand Ormat&#8217;s 48 MW Olkaria III geothermal complex located in Naivasha, Kenya.</p>
<p>Under the agreed term sheet attached to the commitment letter, the loan will be comprised of a refinancing tranche of up to $85 million to prepay the existing loan and fund transaction costs, a construction loan tranche of up to $165 million to finance the construction of an additional 36 MW expansion currently underway, and a $60 million stand-by facility to finance an additional optional 16 MW capacity expansion, that, if exercised by Ormat, could bring the total capacity of the complex to approximately 100 MW.</p>
<p>The maturity dates of the construction tranche and the refinancing tranche are expected to be June 2030 and December 2030, respectively. The maturity and certain other terms of the stand-by facility will be finalized following Ormat&#8217;s decision to exercise the option to construct the additional 16 MW expansion.</p>
<p>Financial closing is targeted to occur during December 2011, subject to (among others) successful negotiation of the loan documentation, completion of due diligence by OPIC and fulfillment of certain conditions precedent to be agreed upon in the loan documents.</p>
<p>Dita Bronicki, CEO of Ormat Technologies said, &#8220;This financing marks one of the largest project finance loans obtained by Ormat, and demonstrates OPIC&#8217;s confidence in our technology and operational skills, evidenced by our successful track record of over a decade with the Olkaria III Geothermal complex. We thank OPIC for their confidence in Ormat and their support of U.S. investments in nurturing development in Africa&#8221;.</p>
<p>Mrs. Bronicki continued, &#8220;We are very happy with our long-standing involvement in the Kenyan power sector, as the first renewable IPP in Kenya and probably in all of Africa. The expanded project will provide the Kenyan people more reliable, clean and cost effective power.&#8221;</p>
<p>OPIC is the U.S. Government&#8217;s development finance institution.  It mobilizes private capital to help solve critical world challenges and in doing so, advances U.S. foreign policy. Because OPIC works with the U.S. private sector, it helps U.S. businesses gain footholds in emerging markets catalyzing revenues, jobs and growth opportunities both at home and abroad.<br />
OPIC supports U.S. investment in emerging markets worldwide, fostering development &amp;amp; the growth of free markets.</p>
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		<title>1917 Building in Great Falls, Montana Made More Energy Efficient</title>
		<link>http://www.greenenergyforearth.com/2011/09/08/1917-building-in-great-fall-montana-made-more-energy-efficient/</link>
		<comments>http://www.greenenergyforearth.com/2011/09/08/1917-building-in-great-fall-montana-made-more-energy-efficient/#comments</comments>
		<pubDate>Fri, 09 Sep 2011 02:56:38 +0000</pubDate>
		<dc:creator>eblock</dc:creator>
				<category><![CDATA[ENERGY CONSERVATION]]></category>
		<category><![CDATA[GEOTHERMAL]]></category>
		<category><![CDATA[GREEN COMPANIES]]></category>
		<category><![CDATA[aquifer]]></category>
		<category><![CDATA[CTA Architects and Engineers]]></category>
		<category><![CDATA[green energy]]></category>
		<category><![CDATA[heat pumps]]></category>
		<category><![CDATA[Orange Crush]]></category>
		<category><![CDATA[Warboard]]></category>
		<category><![CDATA[warehouse]]></category>
		<category><![CDATA[wood beam building]]></category>

		<guid isPermaLink="false">http://www.greenenergyforearth.com/?p=4989</guid>
		<description><![CDATA[Sep 8, 2011 &#8211; CTA Architects and Engineers planned an extensive renovation to an old Orange Crush soda factory and office to use for their own offices.  Constructed in 1917, the classic warehouse style, 3-story brick and wood beam building obviously was not up to today&#8217;s energy efficiency standards. Key to the renovation would be [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.greenenergyforearth.com/wp-content/uploads/2011/09/Great-Falls-Montana-CTA-219-Office-1_credit-ScottVosen_BANNER-OUT-FINAL.jpg"><img class="alignleft size-medium wp-image-4991" title="Great Falls Montana CTA 219 Office-1_credit-ScottVosen_BANNER-OUT-FINAL" src="http://www.greenenergyforearth.com/wp-content/uploads/2011/09/Great-Falls-Montana-CTA-219-Office-1_credit-ScottVosen_BANNER-OUT-FINAL-300x205.jpg" alt="" width="300" height="205" /></a>Sep 8, 2011 &#8211; CTA Architects and Engineers planned an extensive renovation to an old Orange Crush soda factory and office to use for their own offices.  Constructed in 1917, the classic warehouse style, 3-story brick and wood beam building obviously was not up to today&#8217;s energy efficiency standards. Key to the renovation would be identifying and utilizing technologies that would bring the building from it’s historical past to a green present without affecting the qualities that make it beautiful and unique. CTA utilized geothermal technology to heat and cool with the Warmboard radiant product. The primary heat source is an aquifer which maintains a constant 55 degree water temperature. Heat pumps are then used to pull energy from the water to heat the building. The aquifer also serves as the cooling source by cycling the cool water through the Warmboard tubes.</p>
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