Raser Technologies, Inc. announced that Prudential Capital Group, an institutional investment division of Prudential Financial, Inc., purchased the permanent debt financing for Raser’s 10 megawatt (MW) Thermo geothermal power project near Beaver, Utah, from the original project financier. The approximately $31 million of non-recourse debt financing helped construct the Thermo geothermal power plant which completed major construction elements last... Read more..
AltaRock Energy Inc. announced it had finalized agreements with Weyerhaeuser Company and the Weyerhaeuser Company Foundation allowing it to explore the potential for developing geothermal projects in California, Oregon, and Washington. The geothermal rights, totaling nearly 667,000 acres, include approximately 25,400 acres in Northern California, 378,500 acres in south-central and western Oregon, and 263,000 acres in western Washington. AltaRock will... Read more..