Polaris Geothermal Inc. announce that its Nicaraguan subsidiary, Polaris Energy Nicaragua S.A., has signed an addendum to the existing Power Purchase Agreement entered into between PENSA and the energy distributor in Nicaragua. The Addendum has also been approved by Nicaraguan utility regulator Instituto Nicaraguense de Energia (”INE”).
The key terms of the Addendum are:
a) all [...]

U.S. Energy Corp. announced that it has invested $3.445 million in Standard Steam Trust LLC, a private geothermal exploration and development company based in Denver, Colorado. Current capitalization of SST (with other partners) is $13.8 million (25% USE), which now includes approximately 60,000 acres of BLM, state and fee leases in seven prospect areas in [...]

XsunX, Inc., a solar technology Company engaged in the build-out of its multi-megawatt amorphous thin film photovoltaic (TFPV) solar manufacturing facilities in Oregon, provides a look into 2008’s initiatives, legislation, and events set to positively impact the Renewable Energy Industry and reduce dependence on carbon based fuels.
– In October, the 30-percent Federal Investment Tax Credit [...]

Ocean Power Technologies, a subsidiary of Ocean Power Technologies, Inc. announce that it has signed an agreement with Leighton Contractors Pty Ltd to develop wave power projects off the east and south coasts of Australia.
This agreement is in line with OPT’s global plan to form alliances with strategic partners in key areas of the world [...]

Euro BioEnergy Holdings, a European biomass development platform, today announced the acquisition of German biomass power plant Biomasse Heizkraftwerk Herbrechtingen GmbH from its former owners Sturm Holding GmbH & Co. KG, Fortum Power Holding B.V., and Ingenieurburo Oskar von Miller GmbH. Financial details were not disclosed.
Biomasse Heizkraftwerk Herbrechtingen GmbH owns and operates the Herbrechtingen BioHKW [...]

Green Power EMC (GPEMC), a partnership of 38 electric membership corporations (EMCs) in Georgia, today announced plans to purchase 17 MW of biomass energy from Multitrade Rabun Gap (MRG), LLC.
The Rabun Gap project will use woody waste as the primary fuel in a conventional boiler for the generation of steam to power a steam turbine [...]

The Canadian Renewable Fuels Association today congratulated Integrated Grain Processors Co-operative (IGPC) on the official opening of its new 150 million litre ethanol plant.
“Today marks a milestone day in the production of renewable fuels in Canada. With IGPC’s new plant, Canada now produces over a billion liters of ethanol a year,” said Gordon Quaiattini, President [...]

Critical Solutions Inc., the designer of rapidly deployable, renewable energy tower systems, announces that the United States Marine Corps (USMC) is using two MOJOs for evaluating the use of hybrid power in support of mission critical communications for forward deployment groups.
Patrick Gallagher, Critical Power Solutions International President, stated, “Because our mobile towers utilize solar and [...]

An economic study released today shows a regional cap-and-trade policy would severely handicap Minnesota’s economy, causing sharp increases in energy prices and reducing net employment in Minnesota by 21,000 jobs by 2015. The report, titled “Economic Analysis of the Impact of a Midwest Regional Climate Policy on Minnesota,” was written by CRA International (CRA) and [...]

Representatives from three leading international solar companies and the United Nations Environment Program (UNEP) — Dr. Zhengrong Shi, Suntech’s Chairman and CEO, Jeremy Leggett, Executive Chairman of Solarcentury, Mike Ahearn, Chairman and CEO of First Solar, and Achim Steiner, UNEP Executive Director — gathered at the United Nations Climate Change Conference in Poznan, Poland to [...]