GEOLAC Market News - Page 14 of 32

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 […]
Dominica to build geothermal plant in Q3 2019
January 30, 2019
Dominica’s Energy Minister, Ian Douglas, announced the government’s plan to build a geothermal plant before the end of this year. The plant will be located by the capital city of Roseau, with construction expected to start in the third quarter of 2019. This geothermal project hopes to power 23 000 homes -approximately 90% of the […]
55MW Costa Rican geothermal project to be completed by mid-year
January 10, 2019
The Las Pailas II Geothermal Project is set to integrate into the Costa Rican National Electric System (SEN) in six months time, after a final testing phase. The plant, located in the northwest of the country, will generate sustainable electricity from 55MW of installed capacity. Las Pailas II is the seventh plant of this type […]
Caribbean to pilot UN geothermal classification scheme
December 22, 2018
This classification system is designed to encourage investment in geothermal projects. The classification scheme was discussed at a workshop recently held in St. Lucia by the International Renewable Energy Agency (IRENA), the International Geothermal Association and the World Bank. The scheme, the ‘United Nations Framework Classification (UNFC) to Geothermal Energy Resources and Reserves’ is a […]
Feasibility study planned for geothermal project in Ecuador
December 20, 2018
A feasibility study for a geothermal project has been undertaken in Ecuador. The CELEC power utility is planning further drilling, with financing from the Japanese Government. The site Chachimbiro is surrounded by a volcano and hot springs, a natural environment apt for geothermal energy development. This energy source would be consistent throughout the year. In the […]
Eastern Caribbean to receive financing for geothermal
December 20, 2018
The Inter-American Development Bank (IDB) and the Caribbean Development Bank (CDB) will provide over USD 85 million for geothermal development in the Eastern Caribbean. This latest financing is an expansion of the Sustainable Energy Facility programme, under which the two lenders provided a USD 71.5 million loan and grant package for the development of renewable […]
Eastern Caribbean geothermal program expands to $86.5m
December 18, 2018
The Sustainable Energy Facility for the Eastern Caribbean (SEF-Expanded) is designed to reduce the financial, technical, and institutional barriers to geothermal energy development in five Eastern Caribbean nations: Dominica, Grenada, St. Kitts and Nevis, ST. Lucia, and St. Vincent and the Grenadines. Released in 2015, the SEF originally totalled $71.5m, but a recent injection of […]
St. Lucia hosts regional geothermal workshop
December 4, 2018
A regional training geothermal workshop focusing on data gathering will be held in St. Lucia from the 5th to the 7th December. Under the Global Geothermal Alliance framework, three organisations -IRENA, the International Geothermal Association and the World Bank- have co-organised technical sessions with the Geological Surveys of the Caribbean Islands States, amongst other stakeholders […]