GEOLAC Market News - Page 16 of 32

Mexico to see 750 MW of new geothermal energy by 2029
July 12, 2018
The Mexican Energy Ministry has issued 24 new exploration permits and six production permits for the development of geothermal energy projects. The production permits have been assigned to the 570 MW Cerro Prieto plant, which provides 40% of the electricity of Baja California, 10 MW Tres Virgenes also in Baja California, 225 MW Los Azufres […]
Geothermal plant in Nicaragua reached record-level power generation
July 6, 2018
Polaris Infrastructure, a Canadian company involved in operations, acquisitions and development of renewable energy projects in Latin America, provided an update on the operations of the geothermal plant in San Jacinto, Nicaragua. The company stated that the geothermal plant reached a record-level power generation of 139,000 MwH or approximately 63.5 MW, which was achieved […]
Canadian company forms JV with Chilean renewables firm
July 5, 2018
The Canadian company Innergex, has announced a joint venture partnership with the Chilean company Energia Llaima for 50% ownership of the company. Energia Llaima is a growing renewable firm located in the capital of Chile, Santiago. Energia Llaima owns interest in the 12MW Energía Coyanco hydro project and in the 34 MW solar thermal facility […]
Nicaragua’s renewable energy market continues to grow
July 4, 2018
Even though the social and political situation in Nicaragua has been unstable in the last couple of months, the investments in the renewable market – particularly in the geothermal industry – have remained stable and strong. Geothermal developer Polaris Energy recently stated that geothermal plant Jacinto-Tizate has generated US$14.7m this year, which represents a growth […]
Mexican government considering geothermal-specific tender
June 28, 2018
Mexico’s Ministry of Energy, SENER, is considering the introduction of a geothermal-only tender, a stark contrast to its previous technology-neutral auctions, which have been dominated by wind and solar energy projects. Nelson Mojarro, SENER’s European representative, stated that the Minister has a strong preference for promoting different types of resources to move away from the […]
Webinar: A new era of investment in LAC geothermal?

From our Editorial Team
June 13, 2018
To set the stage for the 5th Geothermal Congress for Latin America & the Caribbean (GEOLAC) on JULY 17-18 in Mexico City, New Energy Events and ThinkGeoEnergy are exploring the big trends in the regional and global geothermal markets and what those trends mean for the development of projects across the region. The webinar “A new era of […]
St. Vincent geothermal project to commence drilling operations in 2019
June 6, 2018
After renegotiating the power purchase agreement, St. Vincent and the Grenadines has reset the clock for its geothermal project. The commercial operation date is now set for around June 2021, with drilling anticipated to commence in January 2019. “The issue, Mr. Speaker, why we have to push it further is because we took so long […]
Costa Rica to receive $500m loan for Borinquen geothermal project
May 24, 2018
In mid-May the Legislative Assembly of Costa Rica approved a piece of legislation authorizing an agreement of a line of credit for $ 500 million to the Costa Rican Electricity Institute (ICE) from the Inter-American Development Bank (IDB) ). The line of credit provides ICE with money to finance geothermal energy programs. It also includes resources […]
Announcing GEOLAC Project Awards
May 21, 2018
New Energy Events, the organizers of the Geothermal Congress for Latin America and the Caribbean (GEOLAC), are pleased to announce a collaboration with ThinkGeoEnergy to recognize excellence in the development of geothermal across the region over a five year period. Geothermal industry awards will be made across the following categories: Best Project, Best Financing Program, […]