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Energy

• Business, Energy

  Nevada Geothermal Raises $12.75M

  03.07.07 | Permalink | Comments Off on Nevada Geothermal Raises $12.75M

  In what seems to be common practice among the geothermal companies listed on the Toronto Venture Exchange, Nevada Geothermal has issued 23M units @ $0.55 per unit (a share and a warrant) in order to raise $12.75M in a private placement. Presumably the proceeds will be used to advance the Blue Mountain project. While it’s […]

• Business, Energy

  Bad news for Polaris Geothermal

  03.06.07 | Permalink | 2 Comments

  A picture is worth 1,000 words. In one day, Polaris Geothermal saw their market capitalization cut by more than 50%. Why? Because the government of Nicaragua is questioning the validity of their concession in the country. The company’s Nicaraguan subsidiary, PENSA, is already operating at 10MW facility in Jacinta and is actively pursuing plans to […]

• Energy

  Sierra Geothermal raising more cash

  03.05.07 | Permalink | Comments Off on Sierra Geothermal raising more cash

  Through a private placement, Sierra Geothermal is selling 20,000,000 units (a unit is a share and a warrant to buy another share at a fixed price) for C$0.50 per unit yielding C$10,000,000. Net of the 8% fee charged by Jacob & Company Securities Inc. to raise the cash, Sierra should end up with just over […]

• Business, Energy

  Ormat shares take a beating

  03.02.07 | Permalink | Comments Off on Ormat shares take a beating

  Geothermal equipment maker and electricity producer Ormat (ORA) announced 4th quarter and 2006 full year results. Based on the run up of the stock in the early week, investors were expecting big things from this report. On Tuesday Ormat was trading at a near 52 week high of $44 per share sporting a market capitalization […]

• Energy

  Coal backlash

  03.02.07 | Permalink | Comments Off on Coal backlash

  With the announced acquisition of TXU earlier this week, Fortune magazine has published a story analyzing the future of coal. Coal fired electric generation accounts for 48.8% of US electricity production. Of the fossil fuel choices, coal is the least expensive and most plentiful of fuels, costing just $1.67 per million BTUs, though the price […]

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