NIS and Betec Sign a Co-Operation Agreement on Developing Geothermal Energy in Serbia

NIS a Serbian energy company and Betec a geothermal development firm in Belgrade have signed a Co-Operation Agreement on developing Geothermal energy in Serbia. The companies will jointly develop geothermal active areas in northern Serbia by drilling new production wells and building power plants based on the well head power …

World Bank Approves $1.8 Million Grant to Boost Chilean Geothermal Market

The World Bank Board has approved a US$1.8 million Clean Technology Fund grant to strengthen the Chilean Ministry of Energy’s capacity to further develop the country’s geothermal sector and improve its energy security. The grant will contribute to Chile’s Energy Agenda and the Energy Policy 2050, which aims to boost …

Iran to build three power plants in Kazakhstan

Iran, Kazakhstan sign deal to construct 3 power plants – 2 wind plants and 1 thermal plant in Kazakhstan’s Caspian Sea Coast. Tehran and Astana have signed a contract worth $600 million to build three power plants in Kazakhstan, Iran’s Mehr news agency reported Monday. “The project will be carried …

Renewable energy increased in 2015

Renewable generation capacity increased by 152 gigawatts (GW) or 8.3% during 2015, the highest annual growth rate on record, according to  new data released by the International Renewable Energy Agency (IRENA). Renewable Capacity Statistics 2016 finds that as of the end of 2015, 1,985 GW of renewable generation capacity existed …