Ram Power and Sierra Geothermal Power Enter Into a Definitive Agreement

According to the press release, “Ram Power, Corp. (TSX: RPG) (“Ram Power”) and Sierra Geothermal Power Corp. (TSXV:SRA) (“Sierra”) are pleased to announce that, in accordance with the letter of intent previously announced on June 1, 2010, they have entered into a definitive arrangement agreement whereby Ram Power will acquire all the issued and outstanding [...]

Magma Energy Reports Successful Soda Lake Flow Test

According to the press release, “Magma Energy Corp. (TSX:MXY) reports the successful flow test of Soda Lake production well 45A-33 which will provide 3 MW of net power. The well was drilled in June 2009 and, following a field optimization program, the flow test was completed in December. The recent test demonstrated the well to [...]

BLM Concentrating on Renewable Energy Projects That Could Meet Stimulus Funding Deadline

According to the Press Release, “With the December 2010 deadline for obtaining incentive funding under the American Recovery and Reinvestment Act only a year off, Bureau of Land Management (BLM) Director Bob Abbey today reaffirmed the agency’s commitment to helping the nation reach its “green energy future” by guaranteeing full environmental analysis and public review [...]

Philippines targets $2.5 billion geothermal development

According to Reuters, “The Philippine government aims to approve contracts to explore and develop the country’s massive geothermal energy resources, which could attract more than $2.5 billion in private investment, an official said. The Philippines, the world’s second-largest developer of geothermal energy, plans to approve 19 deals in the next five months to allow foreign [...]