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Zimbabwe to build first utility-scale geothermal power plant

ThinkGeoEnergy

Zimbabwe has announced plans of constructing a 10-MW geothermal power plant at the Chimbwawata Hot Springs in the Binga district. The announcement comes after the country has experienced increase drought frequency resulting in lower output from hydropower plants which accounts for about 69% of Zimbabwe’s energy generation.

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Geothermal and hydropower revenues drive KenGen profit up by 35%

ThinkGeoEnergy

Government-owned power generation company Kenya Electricity Generating Company (KenGen) has announced a year-to-year profit increase of 35%, from Sh 5 billion to 6.8 The company attributed this growth in profit to the performance of its geothermal and hydropower plants. MW Olkaria VII power plant. billion (approx.

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KenGen to invest on more geothermal amidst underperforming hydropower

ThinkGeoEnergy

KenGen has announced a revamped plan to generate more electricity from geothermal power plants in the face of low water inflows being experienced at their large hydropower stations. The Masinga Dam, Kenya’s largest hydropower dam, recorded a water level of 1039.42 mASL as of 6 November 2023.

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IRENA reports 22% lower LCOE of geothermal power in 2022

ThinkGeoEnergy

This statistic was reported by the International Renewable Energy Agency (IRENA) in their newly published document, “Renewable Power Generation Costs in 2022.” Almost all forms of renewable power became more competitive in 2022, with offshore wind and hydropower as the only exceptions.

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Japan, New Zealand strenghten geothermal innovation partnerships

ThinkGeoEnergy

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.

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Renewables Catching Nuclear Power In Global Energy Race

R-Squared Energy

The former consists of hydropower, which has been around for a long time. Hydropower still produces more electricity globally than the Renewables category, which consists primarily of rapidly-growing wind and solar power, as well as more mature renewable technologies like geothermal power and power produced from biomass.

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Taiwan to introduce environmental assessment requirements for geothermal projects

ThinkGeoEnergy

Part of the proposed amendments seeks to introduce this requirement for geothermal power projects of a certain scale. If the geothermal power 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.