GEOLAC 2025 Market News

World Bank approves US$150 million to expand geothermal energy in El Salvador

April 10, 2025

The World Bank has approved a US$150 million investment to boost geothermal energy in El Salvador, funding the drilling of wells and the construction of a 25-MW geothermal power plant in Chinameca. Implemented by state-owned LAGEO, the project also includes social and environmental initiatives to support local communities, create green jobs, and promote the direct […]

El Salvador expands geothermal capacity with new 7 MW Berlin Plant and Ahuachapan upgrades

March 13, 2025

El Salvador’s 7-MW Berlin binary geothermal power plant has been installed and is undergoing testing, with operations expected to begin later this year, according to Daniel Alvarez of DGEHM. Additionally, improvements at the Ahuachapan geothermal plant have increased its capacity by 2 MW, bringing the country’s total installed geothermal capacity to 204 MW. Managed by […]

Chile expands geothermal development with new exploration licenses for Transmark Chile SpA

February 6, 2025

Chile’s Ministry of Energy granted two geothermal exploration licenses to Transmark Chile SpA, expanding the country’s geothermal development. This decision reinforces Chile’s commitment to leveraging its geothermal potential along the Pacific Ring of Fire. Source: ThinGeoEnergy

Colombia introduces competitive framework to boost geothermal energy development

February 6, 2025

Colombia’s new framework will enhance geothermal energy development by implementing a competitive process for awarding exploration and exploitation permits. The new framework strengthens environmental protection, community engagement, and infrastructure access while ensuring economic viability and advancing drilling techniques. Source: ThinkGeoEnergy