GEOLAC 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
CDB advances Grenada geothermal program with expanded drilling campaign
May 14, 2026
Caribbean Development Bank has launched an expanded geothermal drilling campaign at Mount St. Catherine in Grenada to assess the viability of commercial geothermal power generation. The upgraded program replaces earlier slim wells with deeper rotary wells using directional drilling technology, supported by approximately US$13.3 million in funding from the UK, and building on a previous […]
Expansion of Bouillante geothermal power plant with US$29 million financing package
May 14, 2026
Banque des Territoires and Bpifrance have announced a joint financing package to support the expansion and modernization of the Bouillante geothermal power plant in Guadeloupe. The funding includes approximately US$3.7 million in investment and a US$25.4 million loan that will support exploratory drilling, infrastructure upgrades, and equipment modernization to improve efficiency and reduce operating costs. […]
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 […]