Honduras inaugurates first utility-scale geothermal project

Honduran President Juan Orlando Hernández and U.S. Overseas Private Investment Corporation (OPIC) Vice President for Investment Policy Ryan Brennan inaugurated Geotérmica Platanares, a 35 megawatt geothermal baseload power plant in western Honduras. The project is supported by $135 million of financing from OPIC, the U.S. Government’s development finance institution, and developed by Reno, Nevada-based Ormat Technologies, Inc. It is the first utility-scale geothermal project in Honduras. It will provide reliable energy to a country whose projected GDP growth in the next decade requires a 26 percent increase in power generation capacity. The project also contributes to the renewable energy goal of 80 percent renewable energy by 2032.