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The New-Zealand Japan Geothermal Coalition A Memorandum of Understanding (MoU) was signed between New Zealand’s GNS Science , Geo40 , and Western Energy , and Japan’s Mitsubishi Gas Chemical Company (MGC). They also own a hydropower station (5MW) near Wairoa and a utility-scale solar farm (5MW) in Tairawhiti.
“The achievement of financial close of the Kiangan Project is a significant milestone for RENOVA’s expansion outside Japan and is a substantial step towards RENOVA’s realization of efforts to achieve low cost, efficient renewable power generation throughout Asia. said Yosuke Kiminami, founding chief executive officer of RENOVA.
Part of the proposed amendments seeks to introduce this requirement for geothermalpower projects of a certain scale. If the geothermalpower project is located in general areas, the scale at which an EIA will be required will be relaxed from 10 MW to 50 MW. The notice period is 60 days.
The case for geothermal Currently, geothermal accounts for only about 0.5% of the total installed renewable power capacity. However, this is a massive under-representation of the contributions and further potential that geothermal has for decarbonization.
Geothermal developer Energy Development Corporation (EDC) has submitted bids for two geothermal sites following the Open and Competitive Selection Process (OSCP4) by the Philippine Department of Energy which concluded on 28 September 2023. Sembrano (20 MW) geothermalpower projects.
Work is now ongoing from the academic and industrial sectors in Malaysia towards the goal of a first-ever geothermalpower plant in the country. Other geothermal sites being explored, like those in Sabah, are not located far from the main power distribution lines, so it would be easy to connect.
The Ministry of Economy, Trade, and Industry (METI) of Japan is planning to introduce new support measures to facilitate the development of small and medium-sized geothermalpower projects, as well as hydroelectric projects. This accounts for less than 1% of the installed power capacity of Japan.
Through the decades, the company has provided technical services and expertise that have also been crucial for the growth of geothermal in the Philippines and Indonesia. Their work on three of the leading countries in terms of installed geothermalpower capacity is a testament to the time-tested excellence of MB Century.
Capital to support a pipeline of projects The capital raise includes three geothermal generation assets in the central North Island, Te Ahi o Maui (26MW), Geothermal Developments Ltd (9MW), and TOPP1 (24MW), as well as a hydropower station (5MW) near Wairoa, and a soon-to-be operational utility scale solar farm (5MW) in Gisborne.
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