- Sales Representative Substrates Peru
- Head Grower – High Technology Organic Greenhouse
- Import and Export Sales Manager
- Sales Manager - US
- Key Account Manager (f/m/d) - Full-time
- Vice President of Growing Operations
- Account Manager - Canada
- Account Manager - United States
- Procurement Manager Blueberries
- International Fruit Trader
Reykjavik Geothermal agrees to build 1,000 megawatts in Ethiopia
The company expects to spend a total of $4 billion and will begin drilling test wells early next year, Chairman Michael Philipp said in an interview today in New York. About 10 megawatts will be in operation by 2015, with a total of 500 megawatts by 2018. A second phase may include as much as 500 additional megawatts of capacity. Ethiopian Electric Power Corp. has agreed to buy all the electricity under a 25-year contract.
“This is the kind of commitment you need to get the financial backing to finalize the development phase,” Philipp said. About one-fourth to one-third of the project will be financed with equity.
The Great Rift Valley in East Africa, which spans eight countries, may have as much as 20 gigawatts of potential geothermal energy, according to data compiled by Bloomberg. The agreement between Reykjavik Geothermal and Ethiopia may be the first of many on the continent, said Mark Taylor, a Bloomberg New Energy Finance analyst.
Receive the daily newsletter in your email for free | Click here
Other news in this sector:
- 2023-11-30 New Google geothermal electricity project could be a milestone for clean energy
- 2023-11-30 Carbon capture process proven with an energy demand below 2,500 kWh/ton
- 2023-11-29 Solar panels in greenhouses are not profitable for the time being
- 2023-11-28 “By utilizing mid- to deep-level geothermal energy, our greenhouse energy costs have been effectively reduced”
- 2023-11-27 Farm as a Battery: Harnessing crop growth flexibility for sustainable energy storage
- 2023-11-20 "CHP and carbon capture a natural fit for decarbonization of CEA"
- 2023-11-16 UK: Revised targets to approach energy efficiency for horti businesses participating in the Climate Change Agreement scheme
- 2023-11-15 Spain: Vertical farm cuts CO2 costs by 79%
- 2023-11-13 Iceland: Geothermal energy is used to grow cucumbers in this greenhouse
- 2023-11-08 Research into data center heat leads to creation of energy cooperative PrimA4a
- 2023-11-07 Incorporating CO2 supply into life cycle assessments
- 2023-11-07 30% of Dutch growers had to face the energy crisis without a fixed energy contract
- 2023-11-07 Dehumidification system reducing carbon footprint
- 2023-11-03 11 bankruptcies, more stoppers and mostly ornamental horticulture
- 2023-11-02 Solar panel greenhouse being realized in Netherlands
- 2023-10-30 Solar panels on agricultural land only allowed in very exception cases