Geolac 2024 Market News - New Energy Events

UK announces US$10.7 million funding for Grenada’s geothermal energy development
December 19, 2024
The UK has announced a US$10.7 million funding package to support Grenada’s Geothermal Energy Development Project. The investment will fund critical resource testing, including drilling exploratory wells to evaluate geothermal electricity potential. Source: Caribbean Loop News
Honduras launches tender for Namasigüe Geothermal project development
December 19, 2024
The National Electric Energy Company of Honduras (ENEE) has opened a tender for technology selection and plant development for the Namasigüe Geothermal Project, with proposals due by January 21, 2025. This project, located in Choluteca, aims to develop a low to medium enthalpy geothermal power plant, considering social and environmental factors. Honduras currently has one […]
OECS and IRENA collaborate to advance geothermal energy in the Eastern Caribbean
December 6, 2024
The Organization of Eastern Caribbean States (OECS) has partnered with the International Renewable Energy Agency (IRENA) through the SIDS Lighthouses Initiative and the Global Geothermal Alliance to advance geothermal energy development in its Member States. The collaboration, focusing on Dominica, Grenada, St. Kitts and Nevis, Saint Lucia, and St. Vincent and the Grenadines, aims to […]
Ecuador moves forward with prequalification for Chachimbiro geothermal project consultancy
November 21, 2024
Ecuador has advanced to the prequalification stage for consultancy services to develop a geothermal power plant at the Chachimbiro site, with applications open until January 4, 2025. The Electric Corporation of Ecuador (CELEC) seeks a consultant to oversee engineering, drilling services, and the commissioning of a 5 MW wellhead plant, paving the way for a […]
Chile enacts new law to simplify geothermal energy development and establish national registry for shallow projects
November 12, 2024
Chile has enacted new legislation to streamline geothermal energy development by amending regulations for shallow projects. The new law also establishes a National Registry for Shallow Uses of Geothermal Energy, managed by the Ministry of Energy, to oversee and track these operations. Source: ThinkGeoEnergy
Mexico’s INEEL launches international tender for geothermal well drilling
November 7, 2024
The Government of Mexico, through INEEL, has announced an international tender for drilling services to explore geothermal wells at Cerro Prieto and Las Tres Vírgenes. Source: ThinkGeoEnergy
Nicaragua launches tender for geothermal development at Cosigüina Volcano
July 5, 2024
The Nicaraguan Ministry of Energy and Mines has launched an international tender seeking companies specializing in deep well drilling to develop geothermal energy at the Cosigüina volcano. Interested firms must submit proposals by August 19, 2024. Source: ThinkGeoEnergy
St. Kitts and Nevis Prime Minister explores partnership for geothermal project
May 3, 2024
St Kitts and Nevis Prime Minister, Dr. Terrance Drew, has had discussions with UAE-based investment firm K&K Group regarding the development of the much-touted geothermal project in Nevis. Source: ThinkGeoEnergy