GEOLAC Market News - Page 15 of 32

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 […]
Mexico publishes report outlining potential of geothermal and other renewables
December 3, 2018
Mexico’s Secretariat of Energy has published a report laying out the future of Mexico’s renewable energy sector, which includes a section on geothermal energy. The report, “Renewable Energy Technology Route Maps” identifies the challenges and obstacles the country faces to take full advantage of renewable energies by 2030. Mexico’s geothermal power capacity is estimated to […]
Efficiency and innovation stimulating geothermal industry growth
September 11, 2018
HTF Market Intelligence Consulting announced in a recent press release the publication of its ‘Global Geothermal Energy Market’ study. The report highlights growth and opportunities in the industry, with in-depth analysis of trends in different regions, including Latin America, and provides profiles of a number of leading companies. The report finds that key players are […]
Geothermal makes advances in Guatemala, Chile, Mexico
September 11, 2018
In Guatemala, Bluestone Resources INC., which recently acquired the Cerro Blanco Gold and Mita Geothermal Project, reports that flow testing of the geothermal wells is currently underway. To date, the Mita site has 19 drilled wells, with investment totalling USD 60 million. Bluestone envisions a staged approach, where phase 1 would include power produced for […]
Ecuador’s geothermal sector poised for growth
August 20, 2018
The General Manager of the Ecuadorian Electric Corporation (CELEC EP) along with Japanese Parliamentarians, recently reviewed the advances at the Chachimbiro Geothermal Project, located in the province of Imaburura. This geothermal project is Ecuador’s first, and results thus far are encouraging. Drilling has reached a depth of 2,000 meters and the downhole temperature is […]