GEOLAC 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
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 […]