In its third quarter results, Polaris infrastructure highlighted the success of its geothermal project, the San Jacinto-Tizate Power Plant in Nicaragua.
Polaris Infrastructure, a Toronto-based company, is engaged in the operation, acquisition and development of renewable energy projects in Latin America.
The power plant saw a 14% revenue increase from last year, and generation of 144 GWh from July to September of this year. The third quarter report also noted the consistent performance from the San Jacinto steamfield. Owned and operated by its subsidiary, Polaris Energy Nicaragua S.S, the project now has all recently drilled wells successfully connected.
The project remains underway, while currently operating in the range of 70-72MW.