The company is forging ahead with a development programme in 2012 that could see it move into solar and expand its footprint in geothermal, hydro and wind.
The Vancouver company had a $11.4m net loss thanks to significant non-cash charges, including a $25.4m change in the marked-to-market value of a power purchase agreement at its HS Orka Icelandic geothermal unit, due to declines in the forward price of aluminum to which it is linked.
