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Ormat Gets Order for New Zealand Geothermal Plant

Ormat Technologies, Inc. (NYSE: ORA) announced that two of its subsidiaries have entered into contracts with Ngawha Generation Ltd., a subsidiary of Top Energy Ltd. for a new geothermal power plant in Ngawha, New Zealand. Upon completion of the plant, the total installed capacity of Ormat’s power plants in New Zealand will exceed 200 MW. The contracts are for a total of approximately $20 million, with construction of the power plant expected to be completed within 20 months. This is the second order for an Ormat geothermal power plant from the company. Top Energy has been operating an Ormat 12 MW geothermal power plant in Ngawha since June 1998. Both plants will produce approximately 75% of the electricity used by Top Energy’s 26,000 consumers, thereby further reducing the amount of electricity, which would otherwise be generated by scarce non- renewable resources that produce harmful greenhouse gas emissions. The new plant will optimize energy use by converting both geothermal steam and brine from geothermal wells into electric power energy. Unlike the flash steam turbine plants that deplete the resources by consuming water in the cooling towers, the new plant, as all existing Ormat plants in New Zealand will reinject 100% of […]

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Clean And Green ETFs

URL: http://www.forbes.com/2006/12/28/green-etfs-powershares-pf-etf-in_wm_1228soapbox_inl.html?partner=yahootix Website: http://www.forbes.com/2006/12/28/green-etfs-powershares-pf-etf-in_wm_1228soapbox_inl.html?partner=yahootix     

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PV Industry Prepares for Steady Growth

The European Photovoltaic Industry Association announced projections for growth of the worldwide solar electric (PV) industry to 2010. Until 2010, EPIA expects the industry to grown by 37% a year given continuing favorable policy conditions. At that time, they estimate the global annual market for solar electricity to reach close to 5-6 GWp. The first market estimations for 2006 show an annual global market growth between 10-15%. The sector is currently in a transitional phase, increasing production capacity to meet growing demand. Germany remains the strongest market, but the European market is diversifying with Spain, Italy, France and Greece recently adopting programs to support growth. EPIA believes subsidies will be necessary for the next 5-10 years to develop new markets and guarantee stable development of the sector. In terms of raw material availability, EPIA expects silicon production volumes to be over 40,000 tons per year in 2010 – sufficient for the production of 6 GWp of silicon-based solar and thus meeting expected growth in demand. The group expects silicon-based solar PV to constitute 80% of the market by 2010 (down from 90% now), with thin-film solar becoming a significant alternative. EPIA believes that solar electricity could compete with peak electricity […]

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