GEOLAC Market News - Page 11 of 32

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 […]
Mapping Geothermal in Latin America Today

From our Editorial Team
July 9, 2019
We talk a lot about the potential for geothermal in Latin America and the Caribbean, but what’s our baseline and where are we today? Warming up for the 6th Geothermal Congress for Latin America & the Caribbean on July 17-18 in Santiago, Chile, we’ve collaborated with the Inter-American Development Bank (IDB) and ThinkGeoEnergy to show […]
Call for Expressions of Interest for geothermal projects funding
July 9, 2019
The Geothermal Development Facility has issued its fourth call for Expressions of Interest for geothermal projects funding. Projects in the following eligible countries, Bolivia, Colombia, Ecuador, Guatemala, Nicaragua, Chile, El Salvador, Honduras, Costa Rica and Perú, can apply for funding under this scheme. Funding would be provided for surface studies or confirmation drilling. The project […]
Colombia ratifies its goal to reach 1500MW of renewables by 2022
July 4, 2019
Colombia announced it commitment to meet its Paris Agreement targets of carbon emissions reduction by reaching an installed capacity of renewable energy sources of 1500MW by 2022. The Colombian Minister for Mining and Energy, María Fernanda Suárez Londoño, made the announcement at a preparatory meeting for the UN Climate Action Summit. “The diversification of our […]
Costa Rica geothermal plant achieves successful operation
July 4, 2019
The Las Pailas II Geothermal project in Costa Rica achieved a 55MW rate capacity yesterday. Costa Rican Electricity Institute engineer Didier Ugalde announced the successful operation of its plant. The geothermal power plant has 21 wells, and a 55MW class steam turbine and generator provided by Mitsubishi Hitachi Power Systems. This geothermal power plant is […]
Chilean Government Q&A: What’s next for geothermal?

From our Editorial Team
June 17, 2019
Q&A with Gabriel Prudencio Flaño, Head of Sustainable Energies Division, Ministry of Energy, Government of Chile Following the 2017 commissioning of South America’s first geothermal power plant, Chile continues to look for ways to expand its geothermal portfolio. Chile’s Ministry of Energy shares thoughts on the sector and how a government effort to remove regulatory […]