This post brings you news of Enel Green Power’s new geothermal plant in Italy; geothermal funding plans that are moving forward for the Latin America region and other parts of the world; and more.
Reminder: Register before the end of 2014 to receive $20 off the cost of registration! As the national trade association for the geothermal industry, the Geothermal Energy Association (GEA) strives to create and deliver educational events involving the full range of the geothermal industry, reflecting the dynamic growth of the geothermal market, and communicating the benefits of geothermal energy to all. Register now for the 2015 State of the Geothermal Industry Briefing on February 24, 2015.
Click below to read this week’s leading geothermal news.
*Registration Open for 2015 State of the Geothermal Industry Briefing
*Enel Green Power Begins Operation of New Bagnore 4 Geothermal Power Plant
*GDF Mobilizes $1 Billion to Geothermal in Latin America
*ESMAP’s Geothermal Development Plan Means Strong Growth
*Fellowships Available for Geo Drilling Risks Workshop in Melbourne (due Jan. 31)
Registration Open for 2015 State of the Geothermal Industry Briefing
The 2015 State of the Geothermal Industry Briefing on February 24, 2015 will convene geothermal industry leaders, congressional staffers and government agencies to Washington, DC and will provide an update on the U.S. and international geothermal industry. The event will feature the release of the 2015 Annual Geothermal Industry Update and will see presentations and panel discussions by key leaders in U.S. and international development, finance, technology, policy and regulatory issues.
Invited and confirmed(*) speakers include representatives from: Office of Senator Lisa Murkowski, US Geothermal*, Ormat Technologies*, Imperial Irrigation District*, Reykjavik Geothermal*, The World Bank*, U.S. East Africa Geothermal Partnership*, Inter-American Development Bank, Climate Policy Initiative, U.S. Department of Energy Geothermal Technologies Office*, POWER Engineers*, Baker Hughes*, Simbol Materials, National Renewable Energy Laboratory, U.S. House of Representatives, Office of Senator Ron Wyden, Office of Senator Dean Heller, Office of Senator Harry Reid*, and more.
Enel Green Power Begins Operation of New Bagnore 4 Geothermal Power Plant
Press Release (Rome, Italy) December 22–Enel Green Power has completed and connected to the grid its new geothermal power plant, Bagnore 4, located in the municipalities of Santa Fiora and Arcidosso, near Grosseto, in the Italian region of Tuscany. The new plant, featuring the best technology available on the market, has a total installed capacity of 40 MW and will be able to generate up to 310 million kWh per year. Construction of Bagnore 4 involved an investment of around 120 million euros.
Bagnore 4, designed to fit perfectly into the surrounding environment, joins the 20 MW Bagnore 3 plant. The new geothermal power station is composed of two 20 MW turbines, for a total installed capacity of 40 MW. The operating plant will be able to generate up to 310 million kWh of electricity per year, for a savings of 70 thousand TOE (tonnes of oil equivalent).
The construction of the new plant involved a total investment of around 120 million euros, partly financed with funds from the European Investment Bank (EIB). The project is in line with the growth targets set out in Enel Green Power’s 2014-2018 business plan, which calls for around 600 million euros of investment in geothermal power in Tuscany. For more than one year, 130 workers were employed in the construction of the facility and around 40 people will be involved, directly and indirectly, in operating the fully up and running Bagnore 4 plant.
Enel Green Power’s new plant was designed to meet the highest international standards and to employ the most environmentally friendly technology available. Bagnore 4 also boasts a sophisticated monitoring and remote diagnostics system to ensure high reliability and efficiency.
All the materials used in the construction were made in Italy. Enel Green Power is also working with local governments to provide training and the transfer of know-how in order to develop a local pool of highly-specialised entrepreneurs in the engineering and automation sectors in order to amplify the benefits to the surrounding area and expand indirect employment.
Enel Green Power is the Enel Group company (enel.com) fully dedicated to the development and management of renewable energy sources at the international level, with operations in Europe, the Americas and Africa. As of September 30th, 2014, the company generated over 30 billion kWh from water, sun, wind and the Earth’s heat – enough to meet the energy needs of more than 10 million households. Enel Green Power is a world leader in the sector thanks to its well-balanced generation mix, providing generation volumes well over the sector average. As of September 30th, 2014, the company has an installed capacity of approximately 9,500 MW from a mix of sources including wind, solar, hydroelectric, geothermal and biomass. The company has about 750 plants operating in 16 countries in Europe, the Americas and Africa.
GDF Mobilizes $1 Billion to Geothermal in Latin America
On December 8 the Geothermal Development Facility (GDF) was launched during the UN climate change talks in Lima, Peru. The program mobilizes $1 billion toward geothermal development across Latin America and is modeled after the Geothermal Risk Mitigation Facility for Eastern Africa (GRMF). Twelve multilateral institutions and development banks contribute to the Risk Mitigation Fund which covers contingency grants for deep exploratory drilling.
ESMAP’s Geothermal Development Plan Means Strong Growth
The World Bank’s Energy Sector Management Assistance Programme (ESMAP) was mentioned in a recent article from the Caribbean region, one of the regions set to benefit from geothermal development. ESMAP’s Global Geothermal Development Plan brings partners together to mitigate exploratory risks and build up the private sector. Karl Gawell, Executive director of the Geothermal Energy Association, is quoted in the article: “It is in its early stages, but it is happening, and it will mean strong growth for geothermal energy in the days ahead,” Gawell said. ESMAP has identified 36 geothermal fields in 16 countries where surface exploration has been completed and additional financing is needed in the near future to confirm the commercial viability of geothermal resources.
Fellowships Available for Geo Drilling Risks Workshop in Melbourne (due Jan. 31)
The International Geothermal Association (IGA) has announced fellowships that will cover the travel costs for participants of short course at the World Geothermal Congress 2015 (WGC2015). The course is called “Reducing Drilling Risk from Exploration to Field Management” and will be held in Melbourne, Australia from 17-19 April 2015. Twenty-five fellowships up to 2,000 USD each are made possible by the World Bank via the Energy Sector Management Assistance Program (ESMAP). Course instructors include: Errol Anderson, Gundi Axelsson, Gordon Bloomquist, Hagen Hole, Jim Lawless and Phil White. A detailed course description is available online: http://wgc2015.com.au/shortcourses.php. Submit your application form, application letter and a CV before January 31, 2015 to firstname.lastname@example.org.