GEOLAC Market News - Page 16 of 32

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$50m program for geothermal development
August 1, 2018
Mexico announced a new geothermal risk transfer program aimed at reducing exploratory risk and financial barriers for developers. The program, developed by the Inter-American Development Bank through the Clean Technologies Fund with NAFIN, SENER, and INEEL has the objective of increasing geothermal electricity capacity in Mexico by easing several key barriers. The financing component of […]
Chile has potential to attract US$ 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 […]
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 […]