The Canadian Geothermal Energy Association

November 25, 2009 09:00 ET

Canadian Geothermal Energy Association (CanGEA) Announces 2009 Geothermal Investment Workshop and Networking Reception- December 3rd

CALGARY, ALBERTA--(Marketwire - Nov. 25, 2009) - The Canadian Geothermal Energy Association (CanGEA) would like to announce the 2009 Geothermal Power Investment Workshop and Networking Reception, December 3rd, 2009 in Calgary, Alberta, Canada. The Investment Workshop and Networking Reception will bring together investors, financiers and stakeholders in the geothermal power industry to explore the wealth of opportunity in this emerging renewable energy sector.

Geothermal power has been referred to as the "King of Renewables" with consistent base-load power production, low emissions and a small environmental footprint. Under potential carbon emission legislation geothermal energy offers a CO2 free, clean source of power. Geothermal energy also has the unique potential to provide carbon offsets in the Canadian energy marketplace. With an estimated potential of over 5,000 MW, from traditional development methods alone, geothermal power's significance in Canada's energy portfolio will continue to grow. Geothermal energy in Canada represents an investment potential of nearly $20 billion.

As the number of investor prospects in geothermal power broadens, a trusted forum for investor education and networking in the geothermal power industry has been absent. This unique event aims to deliver a one-stop solution through a series of expert-led presentations and the opportunity to network with the biggest names in geothermal power.

Attendees at the conference will learn geothermal power basics from CanGEA experts, explore prominent geothermal power projects in the industry, and understand the development perspective from a distinguished finance, legal and utilities panel. The Workshop will also provide an overview of the Canadian Geothermal Reserves and Reporting Code aimed at improving investor confidence in the geothermal energy industry through the establishment of key metrics for geothermal value. The keynote speaker for the event is Dr. Michal Moore, co-author of the M.I.T. report "The Future of Geothermal Energy". Dr. Moore will explore the potential for geothermal energy in Canada's most significant energy development, the Alberta Oil Sands.

Alison Thompson, CanGEA's Chairman, is excited for the opportunity to showcase geothermal power in Alberta, "CanGEA is looking forward to Canada's energy capital, Calgary, embracing the king of renewable energy, geothermal power. In addition to savvy resource investors and an established energy finance community, Alberta offers a highly skilled talent pool of geoscientists and engineers who can contribute to the development of geothermal energy and CanGEA's goal of 5,000 MW by 2015!"

Confirmed speakers include representatives from Magma Energy Corp, Sierra Geothermal Power Inc, Dundee Securities Corp, Borden Ladner Gervais LLP, Jacob Securities Inc and more.

Space is limited at the event so prospective attendees are encouraged to sign up soon. Sponsorship opportunities are also still available.

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About CanGEA

CanGEA is a national, not for profit association that works on behalf of our members to facilitate and promote the responsible and sustainable growth of high temperature geothermal energy in Canada, which, we believe, can provide competitive, emissions free, renewable, base-load energy to Canadians and export markets.

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