Leading news: Senate Vote to Extend Tax Credits Will Help the Geothermal Market

This post brings you updates on tax extenders for geothermal and other forms of renewable energy from the U.S. Senate; movement on a comprehensive energy bill in the U.S. House; news from GEA members; and a business opportunity in Latin America.

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Above: This infograph from a March 2015 DBL Investors report shows the variety of binding Renewable Portfolio Standard (RPS) policies among U.S. states. About 67% of all non-hydro renewable capacity additions between 1998 and 2012 occurred in states with active or impending RPS obligations, the report notes.

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Leading news: Geothermal Should be Included in Carbon Reduction Goals

This post brings you updates on carbon reduction goals, GEA events, a Request for Information and Member News.

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Via the Web site of Senator Coons of Delaware

Above: The infographic shows how limited partners (investors) and general partners (managers) work together to form a Master Limited Partnership (MLP), a business structure that may soon be available for geothermal and other renewable energy industries. The Master Limited Partnerships Parity Act, recently re-introduced in both the U.S. House and Senate seeks to level the energy playing field since MLPs already exist for the fossil fuel industry. The structure works by combining the funding advantages of trading on a corporate stock with the tax advantages of shareholder-level partnerships. The Geothermal Energy Association has endorsed the MLP Parity Act as have other renewable energy trade associations.

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Leading news: Geothermal Can Help Hold the Clean Power Grid Together

This post brings you news from Capitol Hill including this week’s renewables forum and possible action on energy bills and tax extenders; geothermal can help meet climate preparedness goals; GEA member Enel Green Power signs a PPA for the first geothermal power plant in Chile; and KenGen is seeking expressions of interest on the Olkaria VI project.

IMG_20140930_104931_expodip_logoAbove: The GEA Geothermal Energy Expo is the world’s largest annual geothermal expo. This year’s event is just two months away, September 20-23, 2015 at the Peppermill Resort & Casino in Reno, Nevada. Come find out what other geothermal professionals from around the world are doing, view technology and chat with vendors. Our vendors provide support for geothermal resource exploration, characterization, development, production and management. Interested in getting into the geothermal industry? Come find the opportunities. http://geo-energy.org/new_expo/

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Leading news: States and Industry Working to Engage Geothermal Possibilities

This post brings you upcoming GEA events, current regulatory considerations in several Western states, and more.

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Above: The map shows public land with considerable amounts of geothermal potential in Nevada, Oregon, Idaho, Utah, California and Arizona. At a recent GEA event, John Ruhs, Acting State Director of the Bureau of Land Management in Nevada noted that most of the authorized federal leases for these lands are in Nevada, with 345 authorized leases. California has the second highest number of authorized federal geothermal leases, with 100. Additionally, almost 80% of the Geothermal Drilling Permits have been issued in Nevada over the last 11 years, Ruhs shared in his presentation. Join us at our annual GEA Geothermal Energy Expo this September 20-23 in Reno, Nevada alongside the GRC Annual Meeting.

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