GEOLAC Market News - Page 9 of 32

Mexico’s renewables future uncertain
August 20, 2020
Investor interest in Mexico’s emerging renewables market was at an all-time high in December 2018 after the three clean energy auctions were hailed a success. Now, expectations have hit rock-bottom, the market is in tatters — and the coronavirus pandemic is making things worse. As the government continues to divert its focus from achieving environmental […]
Chile’s Cerro Pabellon geothermal plant expansion will start operations 2021
August 7, 2020
The Cerro Pabellon geothermal power plant has currently a power generation capacity of 48 MW with an expansion in development since 2019. The Cerro Pabellón III project plans to install 33 MW in additional capacity (28 MW net). The company reports that the environmental permit has already been issued, all required turbines are already on […]
Dominica’s geothermal project bids come in over budget
August 7, 2020
Dominica’s geothermal project is facing a big roadblock – substantially higher project costs than anticipated. Following a September 2019 tender for the construction of a geothermal power plant on the island, three bids reviewed as valid all came in at prices significantly higher than estimates for project costs. The project had previously secured sufficient funds […]
Mexico issues international geothermal tender
July 10, 2020
The state-owned Comision Federal de Electricidad power company is seeking a developer for the facility. Comision Federal de Electricidad (CFE) a state-owned power company in Mexico, has launched an international geothermal plant project tender. It is looking for a developer that will be able to follow through on a facility with a guaranteed 25 MW net capacity. […]
Guadeloupe launches three tenders for geothermal energy
June 12, 2020
The French Environment and Energy Management Agency (ADEME) has launched three tenders on regional geothermal development in Guadeloupe, Caribbean with a planned Caribbean Geothermal Centre of Excellence. Operational implementation of the Caribbean Centre of Excellence in Geothermal, based in Guadeloupe Study of the content and how to implement the training programme provided through the Caribbean […]
Laguna Colorada geothermal project faces Covid-19 delays
May 8, 2020
Bolivia’s state power company Ende has suspended its consultancy procurement call for the 100 MW Laguna Colorada geothermal project, due to ongoing quarantine due to the coronavirus crisis, which runs through May 10. Expressions of interest for the consultancy contract, which includes preparing bidding documents to select contractors, were due by May 18. Source
Billionaire-Backed Geothermal Project Highlights New Lithium-Extraction Technology
March 20, 2020
Startup company Lilac Solutions secured US$20 million in funding from Jeff Bezos, Michael Bloomberg, and Bill Gates for a lithium-extraction project in California’s Salton Sea geothermal area—one of the richest potential sources of geothermal energy in the world. If successful, an improved extraction technology would transform the site into a combined energy and lithium source. […]
Nevis 10 MW geothermal project secures development team
February 25, 2020
The Nevis geothermal project announced today that Albioma, a developer and operator of renewable energy projects in the Caribbean and worldwide, has been chosen by NREI to develop and construct the 10 MW Nevis geothermal project. Albioma has joined Schlumberger Integrated Drilling Services (IDS), of Schlumberger Limited (NYSE:SLB), a drilling company that was hired last […]
Mexico ranked sixth in the world for geothermal capacity
January 29, 2020
Mexico made the list of the top ten geothermal countries based on installed capacity. Coming in at 6th (just behind New Zealand), Mexico has 962.7 MW installed capacity. Countries in the top ten include (in order): U.S., Indonesia, Phillippines, Turkey, New Zealand, Mexico, Italy, Kenya, Iceland, and Japan. Source