GEOLAC 2026 Market News - New Energy Events

Nevis geothermal project advances toward drilling phase
July 30, 2026
The Nevis Geothermal Project is set to enter its drilling phase, with the rig expected to arrive in the coming weeks and drilling to start later this year. Premier Mark Brantley said earlier delays have been cleared, funding is now in place, and the project continues to move forward as a joint effort between the […]
Dominica prepares to commission landmark 10 MW geothermal plant
July 30, 2026
Dominica is set to commission its 10 MW geothermal power plant on July 31, marking a major milestone in the country’s energy transition. Backed by a US$51.45 million financing package led by the World Bank and other partners, the project will supply renewable electricity under a power purchase agreement with DOMLEC while supporting local job […]
Colombia issues first geothermal exploration permit
July 20, 2026
Colombia has issued its first geothermal exploration permit, authorizing the five-year El Barranquero project to assess underground heat resources near the Caldas–Antioquia border. The exploration will evaluate the site’s potential for commercial geothermal power generation and could pave the way for future integration into the country’s electricity system. Source: Colombia One
Colombia approves first major geothermal exploration project at Nereidas
May 28, 2026
The Colombian government has started the exploration phase for the Nereidas geothermal project in Caldas, marking the country’s first major geothermal exploration initiative and signaling growing government support for the sector. Source: ThinkGeoEnergy
Catamarca advances Cerro Blanco project, strengthening its role as a geothermal and critical minerals hub
April 30, 2026
Argentina’s Catamarca province is strengthening its position as a key geothermal hub, highlighted by progress on the Cerro Blanco project. The region’s strong geological potential, supported by active volcanic features, places it among the most promising areas for geothermal development in the country. Source: ThinkGeoEnergy
Peru identifies high-potential geothermal system near Paucarani-Casiri volcano
April 2, 2026
Peru’s Geophysics Institute (IGP) has identified a large-scale geothermal system near the Paucarani-Casiri volcanic complex in southern Peru. High-resolution studies revealed reservoirs with high-temperature fluids, indicating strong potential for future geothermal power development. Source: Renewables Now
Copahue geothermal project advances toward 10 MW phase with expansion potential to 30 MW
March 19, 2026
The Copahue Geothermal Project in Neuquén is Argentina’s most advanced geothermal development, with a proposed 10 MW initial modular phase and potential expansion to 30 MW, using condensing cycle technology and a 90% capacity factor. The first phase is expected to generate 78.8 GWh annually, powering around 26,000 homes and reducing approximately 34,690 tons of […]
Guanajuato advances first 12.5 MW geothermal plant in Laja-Bajío region
March 5, 2026
The state of Guanajuato revealed advancements on its first geothermal plant in the Laja-Bajío region, a 12.5 MW binary facility backed by an investment of approximately US$4.6 million by ENAL, a subsidiary of Grupo Carso. Once fully permitted, the project will make Guanajuato the sixth Mexican state generating geothermal power. Source: ThinkGeoEnergy
El Salvador inaugurates 7.5 MW Berlin Binary Cycle geothermal power plant
December 18, 2025
El Salvador’s CEL has inaugurated the 7.5 MW Berlin binary cycle geothermal power plant in Usulután, which converts waste heat from the existing geothermal facility into electricity. The US$37 million project, supplied by Turboden, increases LAGEO’s installed capacity to 204.4 MW and strengthens geothermal generation, which now provides about 20% of the country’s electricity. Piensa […]