A renewable energy company focused on the production of electricity from geothermal energy, announced today that the Oregon Department of Geology and Mineral Industries (DOGAMI) has issued a drilling permit for the first full size exploration well at the Neal Hot Springs Project located in eastern Oregon.
The new exploration well is permitted for a depth of 3,500 feet and is expected to further develop a geothermal resource discovery made by Chevron Resources in 1979. The surface discharge of Neal Hot Springs was sampled and shows a potential source temperature of 311 to 347 degrees F.
"Neal Hot Springs provides an excellent target for us, and is consistent with our corporate focus of reducing risk by taking on projects that have a discovery," said Daniel Kunz, President and CEO. "We anticipate drilling the well during the second quarter of the year, once a drill is contracted and site preparation is complete.
A water supply well to support the drilling operation was completed at the site in December 2007. Construction of the access road, drill pad and test pond is scheduled to commence within the next 15 days, and it is expected that drilling operations will start within the next 30-60 days depending upon availability of a suitable drill rig. Upon completion of the well, flow testing and reservoir engineering will commence. It is anticipated that temperature and flow results from the well may be available by the end of the second quarter.
The Neal Hot Springs project was selected by Idaho Power Company for negotiation of a 26 megawatt power purchase agreement.
Showing posts with label Geothermal. Show all posts
Showing posts with label Geothermal. Show all posts
Sunday, September 14, 2008
Saturday, August 2, 2008
SDG&E Adds 40 Megawatts of Geothermal Energy
San Diego Gas & Electric has signed a power-purchase agreement with Esmeralda Truckhaven to supply 40 megawatts (MW) of geothermal energy to the region's electric system. The agreement will boost SDG&E's total geothermal energy supply to 60 MW produced from Esmeralda facilities located in Imperial County, California.
Just to get an idea about how much electricty we're talking abot, a megawatt is the equivalent energy needed to power 650 homes.
A quote to celebrate the deal: "The Imperial County is a renewable mecca for our region's future energy supply," said Debra L. Reed, president and chief executive officer of SDG&E. "As we continue to aggressively seek out renewable sources of energy to meet the state's 20-percent-by-2010 mandate, we will look to renewable developers such as Esmeralda to help us expand our renewable energy footprint throughout the county."
In addition to the Esmeralda contract, SDG&E also received approval of its Envirepel agreement from the California Public Utilities Commission. The Envirepel agreement is for 1.5 MW of biomass energy to be produced at a facility being developed in Vista, California.
Around five percent of SDG&E's energy-resource mix comes from renewable resources such as wind, solar, biomass and geothermal. SDG&E has continuously pursued renewable energy with market solicitations every year since 2002. In the most recent solicitation, developers bid more than 5,000 MW of renewable energy for a majority of projects that would be built in the Imperial Valley.
Just to get an idea about how much electricty we're talking abot, a megawatt is the equivalent energy needed to power 650 homes.
A quote to celebrate the deal: "The Imperial County is a renewable mecca for our region's future energy supply," said Debra L. Reed, president and chief executive officer of SDG&E. "As we continue to aggressively seek out renewable sources of energy to meet the state's 20-percent-by-2010 mandate, we will look to renewable developers such as Esmeralda to help us expand our renewable energy footprint throughout the county."
In addition to the Esmeralda contract, SDG&E also received approval of its Envirepel agreement from the California Public Utilities Commission. The Envirepel agreement is for 1.5 MW of biomass energy to be produced at a facility being developed in Vista, California.
Around five percent of SDG&E's energy-resource mix comes from renewable resources such as wind, solar, biomass and geothermal. SDG&E has continuously pursued renewable energy with market solicitations every year since 2002. In the most recent solicitation, developers bid more than 5,000 MW of renewable energy for a majority of projects that would be built in the Imperial Valley.
Tuesday, June 24, 2008
Geothermal energy gains momentum in India
Geothermal energy projects are going to be developed in India and Nepal thanks to renewable energy expert Glitnir, a Nordic bank which has teamed up with Bhilwara Group.
They will draw on their experience in financing and advising on geothermal energy projects around the world, the partnership will be a 60:40 one between Glitnir and LNJ Bhilwara Group.
Glitnir will be responsible for raising capital and supplying specialist consultants for projects to build geothermal power plants in India and Nepal. LNJ Bhilwara will bring its large-scale infrastructure and local experience to its 60 per cent share of the partnership.
Geothermal energy is a sustainable and clean energy source because it harnesses heat generated by the earth and is considered virtually inexhaustible. Unlike wind and solar installations, geothermal energy can run 24 hours a day, providing a higher and more reliable power yield.
India has planned for $475 billion of energy investments in the next five years in anticipation of the large energy demands created by India’s fast-growing economy.
Glitnir focuses on geothermal energy as one of three global market niches (the other two are the seafood and offshore supply industries). The investment and corporate bank has formed teams of specialist bankers which operate in 11 countries around the world including China, Scandinavia, the US and the UK.
Visit the Glitnir website for more information on Glitnir and geothermal energy
Note: definitely revisit the glitnerbank website for projects in progress.
They will draw on their experience in financing and advising on geothermal energy projects around the world, the partnership will be a 60:40 one between Glitnir and LNJ Bhilwara Group.
Glitnir will be responsible for raising capital and supplying specialist consultants for projects to build geothermal power plants in India and Nepal. LNJ Bhilwara will bring its large-scale infrastructure and local experience to its 60 per cent share of the partnership.
Geothermal energy is a sustainable and clean energy source because it harnesses heat generated by the earth and is considered virtually inexhaustible. Unlike wind and solar installations, geothermal energy can run 24 hours a day, providing a higher and more reliable power yield.
India has planned for $475 billion of energy investments in the next five years in anticipation of the large energy demands created by India’s fast-growing economy.
Glitnir focuses on geothermal energy as one of three global market niches (the other two are the seafood and offshore supply industries). The investment and corporate bank has formed teams of specialist bankers which operate in 11 countries around the world including China, Scandinavia, the US and the UK.
Visit the Glitnir website for more information on Glitnir and geothermal energy
Note: definitely revisit the glitnerbank website for projects in progress.
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