In the wake of a record year for GEOLAC in 2015, we are excited to announce that the 4th Annual Geothermal Congress for Latin America and the Caribbean (GEOLAC) will be hosted in Mexico, a dynamic energy market, one rich in geothermal, and one with a clear roadmap to future development. GEOLAC 2017 is co-hosted by the World Bank Group.
GEOLAC 2017 will explore the prospects for regional geothermal in an era of historically low renewable costs. Prices for solar and wind PPAs are smashing records region-wide. How is this impacting geothermal development? Are governments valuing geothermal appropriately given its ability to deliver firm capacity? How do developers view the regional markets vs. geothermal markets world-wide?
Working alongside our development partners, led by the World Bank Group, GEOLAC 2017 will gather key stakeholders – governments, utilities, multilaterals, developers, capital providers, and other providers of expertise – to explore opportunities for increased geothermal output, tackle obstacles to development, promote the exchange of knowledge and expertise, and facilitate vital new meetings and relationships.
Ultimately, GEOLAC will serve to catalyze the development of world-class geothermal projects in Latin America & the Caribbean.