Davenport Power proceeding with Newberry Geothermal Project near Bend, OR

Companies invest in Newberry Geothermal Project

Portland Business Journal

Davenport Power LLC, an independent electric power company that owns and operates clean power and renewable energy projects, announced that US Renewables Group LLC and Riverstone Holdings LLC have agreed to provide development capital for its Newberry Geothermal Project near Bend.

The companies did not reveal how much was being invested.

The initial funds will be used to drill exploratory test wells to explore potential geothermal resource areas for underground geologic features that combine heat and water to produce steam. The project, located on the western flank of Newberry Volcano 25 miles southeast of Bend, is anticipated to ultimately produce renewable electrical energy to satisfy a 20-year, 120 megawatt contract with Pacific Gas & Electric Co., based in California. Davenport, operator of the Newberry Geothermal Project, has offices in Stamford, Conn., and Bend.

US Renewables Group, which was formed to manage a series of private equity funds, has offices in Los Angeles and New York. Riverstone Holdings is a New York-based energy and power-focused private equity firm.

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February geothermal power stocks news, renewable energy investing

GeothermEx, Inc. Rates Well 25-14 at 7.5 MW Net Capacity

Nevada Geothermal Power Inc. ("NGP") (TSX VENTURE: NGP)(OTCBB: NGLPF) today announced that long term flow-test results from Well 25-14 indicate that the well is a very prolific producer. Flow testing of 25-14 was done under the supervision of GeothermEx, Inc. ("GeothermEx") an independent consultant based in Richmond California.

Excerpts from GeothermEx's report:

- Well 25-14 produced roughly 770,000 pounds per hour when fully open (equivalent to a volumetric flow rate of 1,750 gallons per minute) at a wellhead pressure of 120 pounds per square inch.

- The well produces primarily from a single zone at 2,280 feet (695 metres). The temperature of the zone is 374 degrees F (190 degrees C).

- Comparison of static and flowing pressure survey in 25-14 indicates a total cumulative pressure drawdown of about 121 psi at 2,280 feet (695 metres) during the production period. This indicates very good productivity.

- The net power potential of 25-14 would be about 7.5 MW. This estimate accounts for parasitic load for the combination of the production pump in the well and the well's proportionate share of a binary plant and injection pumps.

Full article at: Nevada Geothermal Power strikes hot rocks at

Blue Mountain Geothermal Energy project

DOE & National Laboratories Project Targets Commercial Viability for Enhanced Geothermal Systems

Ormat Desert Peak Aims to be First U.S. Commercial Power Project Using EGS

Reno, Nevada, February 14, 2008 - Work has begun on the first application of an Enhanced Geothermal System (EGS) utilizing a production well at a commercial geothermal site. This project will demonstrate the viability of EGS and the technology's potential to generate clean, renewable baseload geothermal electricity in many areas throughout the country, Ormat Technologies, Inc.(NYSE: ORA) announced today.

Also Nevada Geothermal Power is proceeding with Ormat on the Blue Mountain Faulkner 1 Power Plant, see article on geotherma.info entitled Nevada Geo (NGLPF) and Ormat Tech (ORA) in $20 million deal for Blue Mountain geothermal project.

In Geothermal energy news and geothermal company info, Australia has opened up Geopower exploration, and NGP finds geothermal energy drilling success.

Earlier in February Tyler Hamilton over at Clean Break focused on the links between high-purity cadmium telluride supplier 5N Plus and their world-leading customer First Solar in an article that also discusses a potential cadmium shortage.

Vestas Wind Systems AS, the world's largest wind turbine manufacturer, said it has received an order for 32 units of its V90-1.8 MW wind turbine from Spain's Catalana d'Energies Renovables SL.

Sharp Solar aims to raise its annual thin-film solar cell production capacity by completing new plants in Japan and building new facilities abroad.

Q-Cells Solar said earlier this month that it had overtaken Sharp as the world’s No. 1 maker of solar cells in terms of volume in 2007.

Spire (SPIR) will provide Dongyang in Korea with a 12 MegaWatt crystalline cell module manufacturing line.

Evergreen Solar and Renewable Energy Corp prepare EverQ Initial Public Offering.

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