Greek PPC Renewables plans to triple electricity production from geothermal energy
PPC Renewables, the leading Greek company for the production or electricity from renewables, wants to triple production capacity from geothermal energy. Business plan which includes the development of geothermal energy is prepared by the newly elected Board of Directors. Previous board is replaced after the series of bad decisions which caused, according to Manolis Panagiotakis, […]
Turkey maintains geothermal superpower status
Eighteen facilities generating electricity from geothermal sources came online last year in the world, adding a combined 313 MW in capacity to existing 13 GW in a total of 24 countries. The number of new power plants was in line with the previous years, though the overall size was lower, the United States Geothermal Energy […]
EBRD co-finances country’s largest geothermal plant
Güriş Holding subsidiary’s Efeler geothermal project put its fourth, 22.5 MW binary cycle unit into use and the company secured a USD 200 million (EUR 180.6 million) loan by the European Bank for Reconstruction and Development, alongside additional 15-year loans of EUR 293.52 million from Türkiye İş Bankası AŞ (İşbank), EUR 117.4 million from Turkiye […]