GEOLAC Market News - New Energy Events

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 […]
Mexico grants Grupo Enal 30-year concession to develop geothermal energy in Guanajuato
September 11, 2025
The Mexican Ministry of Energy (SENER) has granted Grupo Enal a 30-year concession to harness geothermal resources in the Celaya area, Guanajuato. The project represents an US$80 million investment in drilling, infrastructure, and distribution to supply clean power to Mexico’s national grid. Source: ThinkGeoEnergy
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 […]
El Salvador advances 25 MW Chinameca geothermal project with World Bank-backed loan
June 13, 2025
El Salvador has secured a sovereign guarantee for a World Bank loan to finance a 25 MW geothermal power plant in Chinameca, led by state utility CEL. The project, located on the Chinameca Volcano in San Miguel, includes drilling wells, building a steam collection system, and connecting the plant to the national grid. Source: ThinkGeoEnergy
INGEMMET confirms volcanic-origin geothermal system at Tutupaca site in Southern Peru
June 13, 2025
Peru’s Geological, Mining, and Metallurgical Institute (INGEMMET) has confirmed the presence of a volcanic-origin geothermal system at the Tutupaca site in Tacna’s Candarave district. Source: Piensa Geotermia
Ecuador moves forward with Tufiño-Chiles-Cerro Negro geothermal project to generate 138 MW of clean energy
May 15, 2025
Ecuador’s Ministry of Energy and Mines is advancing the Tufiño-Chiles-Cerro Negro Binational Geothermal Project, located on the northern border with Colombia, to diversify the country’s energy mix. A letter of intent was signed on April 10 to begin the project’s implementation, which will harness the geothermal potential in Carchi province and generate up to 138 […]
Grenada advances geothermal energy project
May 15, 2025
The Government of Grenada is advancing its Geothermal Energy Development Project, now entering the exploration drilling phase. The project aims to generate up to 15 MW of clean, renewable baseload power, reducing the country’s reliance on imported fossil fuels while enhancing grid reliability. Source: Now Grenada
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 […]