Samsung commits to 100% renewable energy by 2020

The company is set to install around 42,000 square meters of solar panels at its headquarters in South Korea

Geothermal project at Welsh mine awarded £6.5m

The government has awarded a £6.5 million grant to a geothermal energy project in Wales. The project in Bridgend will pump naturally-heated water from an old coal mine called the Caerau Colliery and use it to heat 150 homes. The scheme, which is estimated to cost a total of around £9.4 million, will pump water […]

Scotland provides £1.8m for hot new geothermal

Scotland’s first deep geothermal district heating network has been allocated £1.8 million of grant funding by the government. The HALO Kilmarnock development in the West of Scotland will feature a 2,000-metre deep geothermal well, from which hot water will be extracted using a small pump. It is due to be drilled in 2018. The heat […]

UK geothermal hots up with public green bond

The geothermal power station proposed to be the UK’s first has raised more than £1 million in 24 hours through a crowdfunded investment bond. Abundance Investment, which describes itself as an ethical peer-to-peer finance platform, has just launched the opportunity for the public to directly invest as little as £5 in the construction of the United Downs facility. The site’s developers suggest geothermal […]

Indonesia’s new 110MW geothermal plant opens

One of the world’s largest geothermal power plants has started producing power in Indonesia. Technology suppliers Toshiba and Ormat have announced the first unit of the Sarulla power plant, located in North Sumatra, has gone into commercial operation. Operated by Sarulla, the 110MW power plant combines flash and binary technologies to optimise efficiency and re-inject 100% of the used geothermal fluid. Toshiba […]

EU bank pledges support for Kenyan energy projects

An EU bank has pledged to provide support for projects in the power sector in Kenya. The announcement has been made during the European Investment Bank’s (EIB) three-year visit to the country, which will include a site visit to the Lake Turkana Wind Park. It is the largest wind farm in sub-Saharan Africa developed by […]

Government confirms strike price for geothermal projects

The UK Government has set a strike price of £140/MWh for geothermal projects with or without combined heat and power (CHP). It follows a consultation launched last year when the government outlined plans for £580 million of funding for the Contracts for Difference (CfD) scheme. Under the auction, low carbon generators are incentivised for the […]

Iceland to build 90MW geothermal plant

A new geothermal power station with a total capacity of 90MW is to be built in Iceland. Located in Theistareykir, north-eastern Iceland, the facility is being financed by the European Investment Bank (EIB). It has signed a €125 million (£99m) loan agreement with Landsvirkjun, the National Power Company of Iceland to fund its design, development and operation. Geothermal wells that could provide 50MW have also […]

Geothermal energy wells to heat Aberdeen?

Aberdeen could generate heat from earth. A report supported by Aberdeen City Council stated it is willing to support plans to drill a geothermal well below the ground. It revealed a 2km vertical well could heat the Aberdeen Exhibition and Conference Centre (AECC) and houses nearby. The project could cost around £2.3 million and save […]

International geothermal initiative launched at COP21

A Global Geothermal Alliance (GGA) to boost developments the industry has been launched at COP21. It aims to achieve a 500% increase in global installed capacity for geothermal power generation and a 200% increase in heating by 2030. It is led by the International Renewable Energy Agency (IRENA) and more than 40 countries and institutions have […]