Remove Armenia Remove Financing Remove International
article thumbnail

Global geothermal industry passes 12,000 MW operational

Green Car Congress

The international geothermal power industry is poised to place between 500 and 1,000 MW on line per year for the rest of the decade, said GEA. GEA member commitments to financing and development stages included MidAmerican’s $1 billion pledge to extend the life of its Salton Sea, California geothermal fields.

article thumbnail

Can a New Power Link Boost the EU’s Energy Independence?

Cars That Think

Fossil fuels still represent 90 percent of Azerbaijans exports and up to 50 percent of its GDP, according to the International Energy Agency. A 2022 road map from the World Bank, the International Finance Corp., Bulgaria wants in, as does Armenia. Tensions between Armenia and Azerbaijan remain high, however.

article thumbnail

Azerbaijan Plans Caspian-Black Sea Energy Corridor

Cars That Think

If selected, “the project could qualify for 50 percent grant financing,” says Gachechiladze. In preparation for the conference, advocates of the energy corridor have been taking international journalists on tours of the country’s energy infrastructure. It’s a huge budget. billion ($2.5 billion) toward building the cable.