GEOLAC Market News - Page 10 of 32

Geothermal Development Facility issues 4th call for proposals
November 6, 2019
The Geothermal Development Facility for Latin America has opened its Fourth Call for Proposals (CFP) is open, and accepting applications until November 26, 2019. Previous applicants accepted in Expression of Interest (EOI) 4 are eligible to make a proposal, as well as applicants accepted in previous EOIs. The objective of the Facility (GDF) is to […]
Drilling starts for Ecuador’s first geothermal energy plant
October 8, 2019
Ecuador’s first geothermal energy plant has started its first phase of construction, with drilling started on the Imbabura site a few days ago. The project is financed by the Japanese government through the Japan International Cooperation Agency. The investment for the construction of the geothermal plant was of USD 250 million. The Electric Corporation of […]
Offshore drilling in Mexico will explore geothermal potential
October 2, 2019
A research vessel will be drilling off Guaymas, in the Gulf of California Mexico, to collect insights on the region’s geology and investigate its geothermal potential. The JOIDES Resolution, with team of thirty-three scientists will undertake this project. This drilling and data collection is part of the International Ocean Discovery Program’s marine research initiative. “We’re going […]
Construction starts on Chile geothermal plant’s 33MW addition
September 3, 2019
The construction of a third generation unit at Cerro Pabellon geothermal power plant in Chile which will add 33MW of new capacity started last week. Construction is led by Geotermica del Norte SA, a joint venture between Enel Green Power Chile, and Chile’s state oil company Empresa Nacional del Petroleo SA. An investment of USD […]
Geothermal drilling contractor selected for Nevis geothermal project
August 30, 2019
Nevis Renewable Energy International, INC (NREI) announced today that it has selected Schlumberger Integrated Drilling Services to install the geothermal production and injection wells for the Nevis Geothermal Project. NREI is a subsidiary of Thermal Energy Partners, LLC, a U.S. based global geothermal energy development firm. The Nevis Geothermal Project is unique for […]
Chilean government shows increasing enthusiasm for geothermal
August 2, 2019
Chile’s Undersecretary of Energy, Ricardo Irarrázaba, highlighted the geothermal potential of the country, and his government’s commitment to take advantage of this energy resource. The geothermal potential of explored areas in Chile is around 3000MW, which with the possible uses of thermal energy in Chile “places us, again, in a privileged place worldwide for the […]
Drilling in St. Vincent and the Grenadines confirms potential for geothermal energy
July 17, 2019
St. Vincent and the Grenadines has suitable conditions of temperature and permeability at 2500 metres below ground to generate geothermal energy, a new report has confirmed. Exploratory drilling in La Soufrière started two months ago, and this week’s report brings positive results from this exploration phase. At 2500 meters, the temperature was more than 250 […]
Colombia will include geothermal in its first renewable energy auction
July 15, 2019
Colombia’s first renewable energy auction, which will be held in October of this year, will be open to wind, solar, geothermal, small hydroelectric and wave energy projects. Colombia currently has an estimated 18MW of installed geothermal capacity, and potential to install much more. The renewables tender had to be postponed in February, and is now […]
El Salvador signs agreement with Italian firm to supply a geothermal plant
July 12, 2019
Turboden has signed an agreement with LaGeo to supply an Organic Rankine Cycle (ORC) geothermal power plant in El Salvador. The Italian firm’s newly acquired project is a 8MWe geothermal plant at the Berlín Geothermal Field. LaGeo is a geothermal development company which develops geothermal resources in El Salvador. Currently, the company contributes a fourth […]