Sinopec Green Energy Geothermal Development Co., Ltd. (SGE) was founded in 2006 with the purpose of building up geothermal district heating business and has since expanded into other green energy utilization techniques. It is a Sino-Foreign Joint Venture were Arctic Green Energy holds a 49% stake against Sinopec´s 51%. Since the first projects were established in Xianyang City of Shaanxi Province the company has expanded its operations into Hebei, Shandong and Jiangsu provinces. Today, SGE is the world´s largest geothermal district heating company with a 35% market share in China – providing heating for over 2 million customers through its proven method of green, clean and sustainable energy utilization.
Sinopec Green Energy currently has over 595 heat centrals, 4 waste heat projects and 1 geothermal heat pump project in operation, and has drilled more than 700 geothermal wells (third of which are re-injection boreholes). SGE´s geothermal projects were the world´s first to gain a United Nations Clean Development Mechanism registration and its district heating operations have saved close to 11.4 million tons of CO2 emissions to date.
Arctic Green Energy has in the last years been preparing a portfolio of projects in Central Europe where we will provide clean geothermal heat to the households. Large areas in Central Europe are ideal for geothermal district heating, although currently 80% of households in Central Europe are heated with fossil fuels.
Arctic Green Energy has some 38 projects under evaluation where the first projects are located in Hungary, Poland and Germany. In co-operation with municipalities, cities and local firms Arctic Green aims for beginning operation in 2021.
CHINA’S FIRST SMOG FREE CITY, THE ULTIMATE PROOF OF CONCEPT
Xiongxian was recently declared “China’s first smog free city” a result of the collaboration of the authorities and SGE.
A part of Baoding City in Hebei Province, just outside Beijing was heavily polluted but in less than 6 years SGE has replaced over 90% of the coal burning with pollution free geothermal.
The inhabitants of Xiongxian enjoy a higher quality of life with cleaner air, better health, less costly heating energy today SGE is running a very profitable operation Xiongxian
In addition to our geothermal and waste heat projects we have started to expand our knowledge and expertise to solar and wind power
Arctic Green Energy (under the name of Orka Energy at the time) acquired the geothermal rights for a large concession in Biliran Province of the Philippines in 2011 with known energy production potential of over 300 MWe.
Resource identification and evaluation was done by world renown Icelandic scientists with the whole project designed by Icelandic geothermal technical experts.
The construction and drilling was supervised by an Icelandic management team and drilling company. The completed power plant will be the most technologically sophisticated geothermal power plant in Asia upon completion.
Arctic Green Energy successfully exited the project in 2015 with the name of Orka Energy remaining with the current shareholders.