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GEOLAC Market News

  • Chile has potential to attract US$ 20b in investments for geothermal

    July 30, 2018

    The Geothermal Roundtable of Chile has issued its final report which highlights the potential of creating over 3,800 MW of geothermal energy. Requested by the Geothermal Council of Chile and the Ministry of Energy, the report comes at the conclusion of 13 workshop sessions with the Geothermal Roundtable which were held during 2017. In terms […]

  • Ocean Thermal Energy company headed to US Virgin Islands

    July 23, 2018

    Ocean Thermal Energy Corporation, a project developer using ocean thermal energy conversion, has announced that a team from the organization will be in the US Virgin Islands this week to advance a planning process. The corporation will meet with local stakeholders and professional advisors of the island to discuss the process. Jeremy P. Feakins, Chairman […]

  • Geothermal Plant

    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 […]

  • Blue Lagoon Iceland, Grindavík, Iceland

    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 […]

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