Nicaragua’s San Jacinto geothermal plant drilling additional wells

Polaris Energy Nicaragua and geothermal drilling specialist Iceland Drilling Company (IDC) have signed a contract to drill additional wells at the San Jacinto-Tizate Geothermal Power plant in Nicaragua. In 2016, three new wells were drilled by the company and a workover conducted for four existing wells. The current drilling project started last month and already last […]

13 finalists chosen for Latin American geothermal development facility

The Geothermal Development Facility (GDF) for Latin America has selected 13 finalists after the first run of expression of interests closed at the end of February 2017. Final grant approvals are anticipated for Q4 2017. The German government’s KfW Development Bank in conjunction with the European Union has launched the EUR55 million geothermal power fund […]

Mexico issues three geothermal exploration permits for Engie and Reykjavik Geothermal

Mexico is expanding its geothermal market to the private sector with a recent issuing of exploration permits for global energy companies. Mexico’s Ministry of Energy (SENER) has issued three exploration permits to ENGIE, a global energy company, and Reykjavik Geothermal, an Icelandic geothermal development company. These permits authorise their holders to spend three years exploring […]

GEOLAC updates on Nicaragua’s San Jacinto geothermal project

At the GEOLAC conference in Mexico City, a brief overview on the situation in the geothermal market of Nicaragua was given by Laura Wendell Berman, Energy Specialist the World Bank and Mark Murnaghan, CEO of Polaris Infrastructure Inc. Discussing the market, an overview was given on the status of the San Jacinto geothermal field and […]

Laguna Colorada project updates from GEOLAC

At the GEOLAC conference in Mexico City, Marco Antonio Escobar Seleme, the head of the Laguna Colorada geothermal project by ENDE in Bolivia provided an update on the 100 MW project. The project recently signed a loan with JICA from Japan over $552 million for the development of the project. The geothermal potential of Bolivia along […]

Chile, Guatemala and Peru lead proposals for GDF geothermal facility

In his presentation on the experience of KfW at a risk mitigation panel of the GEOLAC conference in Mexico City, Jens Wirth, Senior Project Manager at KfW shared results of the first call of the Geothermal Development Facility (GDF). The GDF was set up as the first multi-donor climate initiative to promote geothermal energy in Latin […]

What’s holding back LAC geothermal? Five-in-five with Alexander Richter, ThinkGeoEnergy

New Energy Events interview series, Five-in-Five, features concise and incisive interviews with leading industry players. We’ll be putting five market-critical questions to each of our interviewees over the course of a five minute segment. Ahead of the Geothermal Congress for Latin America and the Caribbean (GEOLAC), New Energy Events spoke with Alexander Richter, Founder of ThinkGeoEnergy and President […]

Is Geothermal Competitive in an Era of Low Cost Renewables?

 Guest Editorial written by Kevin Wallace, POWER Engineers News on power purchase rates of 40-50 $/MWh for new solar-PV plants begs the question – can geothermal be competitive, with prices challenging for any but the   largest of geothermal projects? We feel geothermal still has a valuable role in the energy portfolio, if the wider […]

St. Lucia convenes today for public consultation on geothermal project

The Government of Saint Lucia (GoSL) convenes its third public consultation for its geothermal project today, where high-level representatives from the Department of Sustainable Development are expected to make informative presentations of the plans of the GoSL for geothermal exploration. The exploratory phase of the project continues with the next crucial steps being the completion of […]