GEOLAC 2026 Market News - New Energy Events

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 […]
Project InnerSpace launches GeoMap South America to uncover geothermal potential
October 24, 2025
Project InnerSpace has unveiled GeoMap™ South America, a free exploration platform revealing the continent’s vast untapped geothermal resources — among the highest heat flow zones globally. The tool integrates millions of surface and subsurface data points, identifying major geothermal opportunities across the Andes for power generation, mining, and urban heating. Highlights include an estimated 1,200 […]
Brazil launches Progeo program to develop national geothermal energy potential
October 9, 2025
Brazil’s National Energy Policy Council (CNPE) has approved the creation of Progeo, the National Geothermal Energy Program, to promote the exploration and use of geothermal resources across the country. The initiative aims to establish regulatory frameworks, encourage research and innovation, and support local industry development, marking Brazil’s first coordinated effort to tap into its geothermal […]
OECS advances 30 MW geothermal project in St. Kitts and Nevis with five bids and US$37 million secured
August 28, 2025
The OECS Commission has received five bids from internationally recognized firms, including Iceland Drilling, Marriott Drilling, Ormat Technologies, and others, for the production drilling phase of the planned 30 MW geothermal power project in St. Kitts and Nevis. With US$37 million already secured from international lenders, drilling is expected to begin in early 2026 to […]