GEOLAC Market News - Page 13 of 32

USD 27m for 7MW geothermal project in Dominica
March 20, 2019
The World Bank has approved a budget of USD27 million for the funding and development of a 7MW geothermal power plant in Dominica. This small geothermal power plant is a step further for Dominica’s aim to diversify the country’s energy matrix and increase renewable energy sources for the production of electricity. This project, which is […]
Bolivia announces tender for geothermal surface studies consultation
March 19, 2019
The state utility of Bolivia, ENDE, has issued a request for submissions of interest for consultancy on surface studies for a geothermal field. The project will be financed though a grant from the Geothermal Development Facility for Latin America. The announcement was made on March 12th, with the deadline for submissions set on April 15th. […]
Positive progress report for geothermal plant in Nicaragua
March 11, 2019
Polaris Infrastructure announced in their 2018 Year End Results that the San Jacinto geothermal project in Nicaragua reached its highest annual power generation and revenue, and that the construction and stabilisation of a new well was a success. Polaris Infrastructure is a Canadian company engaged in the operation, acquisition and development of renewable energy projects […]
Contract awarded for 5MW geothermal project in Bolivia
March 11, 2019
A geothermal power plant in Bolivia, near the Chilean border, will soon enter into construction stage. The contract for construction of the geothermal power plant was awarded to Sacyr Industrial -their first geothermal project- and Ormat, an established leader in renewable energy projects development. The 5MW power plant will be located in the Sol de […]
Geothermal power plant in Costa Rica to start operating this month
March 1, 2019
A new geothermal power plant in Costa Rica, the sixth in the country, will enter into commission this month. The Pailas II geothermal power plant will add 55MW to the installed geothermal energy capacity of 207MW. This project will generate enough energy for an estimated 55 000 homes, and electricity will be provided at a […]
Updates on St. Vincent’s & the Grenadines geothermal project
February 14, 2019
A joint report by the IRENA/ ADFD Project Facility has reviewed the progress of their financing of joint projects, such as the geothermal project in Saint Vincent and the Grenadines. The report included project profiles and updates. The 10-15MW plant is a public-private geothermal energy development. USD 15 million were used to finance the plant’s […]
Case study on gender-responsive geothermal sector in El Salvador
February 12, 2019
A report published by the International Union for Conservation of Nature’s Global Gender Office highlights the positive impacts of LaGeo’s strategies surrounding gender equality and development goals. LaGeo is a geothermal energy utility in El Salvador. Through its management structures, institutional policies and use of corporate social responsibility, it has increased its company’s gender equality […]
Potential for geothermal in Chile’s Magallan region
February 11, 2019
A recent international seminar has highlighted the potential for geothermal energy production in Chile’s Magallan region. With more than 1800 craters in the Pali Aike sector and remnants of thermal sources in the Skyring Seno, this volcanic region has clear geographical advantages for the generation of electricity through geothermal power. These findings were presented at […]
Dominica negotiates funding with World Bank for geothermal project
February 4, 2019
The on-going geothermal project in Dominica will receive funding in the form of grant financing, officials have confirmed, after negotiations concluded with a World Bank delegation. The Co-ordinator of the Dominica Geothermal Energy Project, Ambassador Vince Henderson, announced officials were pleased with the outcome of these negotiations. A USD10 million grant from the United Kingdom’s […]