SOURCE: Information Forecast, Inc.

August 12, 2008 19:09 ET

U.S. Department of Energy to Address the Geothermal Finance & Investment Summit

CANOGA PARK, CA--(Marketwire - August 12, 2008) - The United States Department of Energy's Edward J. Wall, of the DOE's Geothermal Technology Program Office, will keynote the Geothermal Finance & Investment Summit, November 17-19, 2008 in Palm Springs, CA.

Many renewable energy project developers -- and investors -- are looking to the DOE for a range of issues. Mr. Wall is expected to provide answers and clarity to these market players.

Interest in geothermal development has never been higher -- evidenced by the record 400% increase in land-lease prices garnered earlier this month at auction by the Bureau of Land Management -- as everyone searches for the next big play in renewable energy.

Mike Olson of the U.S. Department of Interior and Kermit Witherbee of the Department of Interior/Bureau of Land Management will also address the summit on issues of the backlog of land-leases and the royalty framework. Both issues are considered critical to geothermal energy projects.

As an annual event, the Geothermal Finance & Investment Summit is one place where developers, investors, power purchasers, technology experts and other players are turning to find out where, when and what geothermal projects will happen in the coming year.

Also scheduled to appear:

*** Mike Marelli, Manager of Contract Origination & Analysis, Renewable & Alternative Power Department, Southern California Edison, and David Lewis, Director - Competitive Solicitations, Pacific Gas & Electric;

*** John C.S. Anderson, Senior Managing Director, John Hancock Financial Services, and Rohan Singh, Vice President, HSH Nordbank;

*** John Eber, Managing Director - Energy Investments, JPMorgan Capital Corp.; and Martin Torres, Associate, Morgan Stanley Capital Markets

*** Paul Zavesov, Deputy Director, Geothermal Business Development, Ormat Technologies, Inc.; and Gary Thompson, President & CEO, Sierra Geothermal Power Corp.

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