GEOLAC Market News - Page 15 of 32

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 […]
Geothermal plant in Nicaragua reports record-level power generation
August 20, 2018
Last week Polaris Infrastructure announced its Q2 2018 results, reporting record-level power generation in the San Jacinto-Tizate Power Plant in Nicaragua. The project generated 139 GWh, resulting in a revenue of US$17.7m during the quarter. In comparison to 2017 reports, this growth represents an 11% increase in revenue which was due to higher average production […]
Enel Chile to add 30 MW to Cerro Pabellon
August 1, 2018
Enel Chile will be installing 600 MW of renewables sources in the country. The company has executed a three-layered plan. The first and second will see the development of a 380 MW solar park in the regions of Antofagasta and Atacama and a 100 MW wind park between the regions of Biobío and Araucanía. The […]
Mexico announces new US$50m program for geothermal development
August 1, 2018
Mexico announced a new geothermal risk transfer program aimed at reducing exploratory risk and financial barriers for developers. The program, developed by the Inter-American Development Bank through the Clean Technologies Fund with NAFIN, SENER, and INEEL has the objective of increasing geothermal electricity capacity in Mexico by easing several key barriers. The financing component of […]