• 4 minutes China's Economy and Subsequent Energy Demand To Decelerate Sharply Through 2024
  • 7 minutes Beijing Must Face Reality That Taiwan is Independent
  • 11 minutes Phase One trade deal, for China it is all about technology war
  • 14 minutes Shale Oil Fiasco
  • 35 mins We're freezing! Isn't it great? The carbon tax must be working!
  • 2 hours Which emissions are worse?: Cows vs. Keystone Pipeline
  • 10 hours Trump capitulated
  • 17 hours Thanks to Trump, the Iranian Mullahs Are Going Bankrupt
  • 2 hours Indonesia Stands Up to China. Will Japan Help?
  • 3 hours What's the Endgame Here?
  • 50 mins Trump has changed into a World Leader
  • 4 hours Turkey Muscles-In on Israel-Greece-Cyprus EastMed Gas Pipeline Deal. Erdogan Still Dreaming of Ottoman Empire II.
  • 10 hours US Shale: Technology
  • 11 hours Gravity is a scam!
  • 1 day Yet another Petroteq debt for equity deal
  • 1 day Three oil pipeline projects inch toward goal-line for Canada
  • 1 day The Libyan Oil in a Sea of Chaos, War and Disruptions
The Hottest Energy Investment Niche Of 2020

The Hottest Energy Investment Niche Of 2020

Most energy analysts are very…

How Will The Libyan Oil War End?

How Will The Libyan Oil War End?

The war for Libya’s oil…

India, Iceland Jointly Explore Geothermal Energy

Due to Iceland’s unique geology, which includes a high concentration of volcanoes, five major geothermal power plants produce approximately 26.2 percent of the nation's energy, while geothermal heating provides for the heating and hot water requirements of approximately 87 percent of all buildings in Iceland.

Seeking to tap Iceland’s unique expertise, New and Renewable Energy Minister Farooq Abdullah said, "We are trying to cooperate with them (Iceland) in a big way because there are number of areas in our country where geothermal energy can be made use of. Today’s, technology provide us this opportunity," The Press Trust of India reported.

According to Abdullah, India is progressing rapidly to develop new renewable energy resources, and now has an installed base of 20,000 megawatts of renewable energy, which New Delhi aims to increase 350 percent within the next decade to 70,000 megawatts and "if we do not seize the opportunity now, future generations will have every reason to identify us as a selfish, shortsighted and an irresponsible generation."

Currently about 81 percent of Iceland’s total primary energy supply is derived from domestically produced renewable energy sources, which besides geothermal, include significant hydroelectric facilities.

By. Joao Peixe, Deputy Editor OilPrice.com



Join the discussion | Back to homepage


Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News