RASER TECHNOLOGIES – Gains More Ground
Raser Technologies, Inc. (NYSE Arca: RZ) is trading down 3.65% following the Company’s August 27, 2008 announcement that it has obtained seventeen new lease agreements covering approximately 32,700 acres of geothermal, surface and other rights in Central Utah.
The signing of these long-term leases increased Raser’s holdings in Utah to over 150,000 acres. The specific terms of the various leases were not disclosed but under the lease agreements, Raser has rights to the geothermal resources and certain surface rights for the construction of geothermal wells, piping, power plants and transmission lines.
“These leases are very important to our future development plans,” stated Brent M. Cook, Raser’s Chief Executive Officer. “We continue to capitalize on the excellent geothermal resource opportunities that currently exist in the Utah market. We believe these new leases will provide some valuable projects and add to our vast geothermal portfolio. To read the entire story, click here:
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SUNTECH POWER HOLDINGS CO LTD – Signs Major Supply Agreement
Suntech Power Holdings Co., Ltd. (NYSE: STP ), one of the world’s leading manufacturers of photovoltaic (PV) cells and modules, is trading up 4.1% following the company’s August 27, 2008 announcement that it has signed new supply agreements with GCL Silicon Technology Holdings Inc (“GCL Silicon”). Under the terms of the supply agreements, GCL Silicon will supply Suntech with 9,420 MT of polysilicon and 1.1 GW of silicon wafers from 2008 to 2012.
“These agreements with GCL Silicon will greatly strengthen our silicon pipeline and support our capacity and production expansion over the next five years,” said Dr. Zhengrong Shi. “With steep declining cost curves, these agreements are in line with our strategy to quickly reach grid parity and extend our position as a leading global provider of solar products.” With the addition of these agreements, Suntech has now secured approximately 1GW of silicon for 2009. To read the entire story, click here:
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US GEOTHERMAL INC – Updates Market
U.S. Geothermal Inc. (Amex: HTM), a renewable energy company focused on the production of electricity from geothermal energy, is trading down .52% following the Company’s August 27, 2008 corporate update, on business conducted at their Annual General Meeting (“AGM”) and on the operating and development activities at their three main projects. The AGM was held on August 21st at the corporate headquarters in Boise, Idaho. All proposals submitted to shareholders for a vote were approved including renewing the Company’s slate of directors to serve for the coming year; authorizing the retention of Williams & Webster, P.S. as the Company’s auditor; and approving an amendment to the Company’s articles of incorporation to increase the number of authorized common shares to 250,000,000. No new shares were issued as a result of the amendment. To read the entire story, click here:
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NEVADA GEOTHERMAL POWER INC – Updates Market on Project Progress
Nevada Geothermal Power Inc.(OTCBB: NGLPF) is trading up 5% following the Company’s August 27, 2008 update on Phase 1 development activities at its Blue Mountain, Faulkner I, 49.5 MW (gross) renewable energy geothermal power project.
A financing facility for the construction of the 49.5 MW Blue Mountain Faulkner I project in Nevada is expected to close shortly. NGP continues to maintain project timelines and terms with Ormat Technologies.
NGP has all the necessary permits for initial construction work, which is scheduled to commence in September 2008. NGP’s wholly owned subsidiary, NGP Blue Mountain I LLC (NGP I), was issued a Limited Permit to Construct from the Public Utilities Commission of Nevada (PUC) at the Blue Mountain geothermal project on July 11, 2008. The grant of permit under the Utility Environmental Protection Act (UEPA) allows NGP I to grade the site and complete the foundations for the geothermal power plant. To read the entire story, click here:
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VIASPACE INC – Updates market
VIASPACE Inc. (OTCBB: VSPC) is trading flat following the Company’s August 27, 2008 release of an overview of the company’s progress in the $54 Million Clean Energy industry, including its new agreement to sell and distribute fuel cell test stations, in an exclusive interview on WallSt.net’s 3-Minute Press Show. To read the entire story, click here:
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