GEOLAC Market News - Page 17 of 32

Five trends driving the LAC geothermal market

From our Editorial Team
May 10, 2018
The LAC geothermal market is heating up — but it’s a slow burn. With only one operating plant each in the Caribbean and South America, and a handful in Central America and Mexico, this region of the world still holds enormous, largely untapped potential for geothermal market growth. Financing, policy, and resource risk continue, however, […]
El Salvador could triple geothermal capacity
May 10, 2018
El Salvador has the potential to produce 440 megawatts (MW) in addition to the 204 MW already obtained through geothermal energy, said yesterday the energy specialist of the Inter-American Development Bank (IDB), Toshitaka Takeuchi. The one thing most needed is more investment in training. Although the country is considered the leader in Latin America in terms […]
Honduras inaugurates first utility-scale geothermal project
May 2, 2018
Honduran President Juan Orlando Hernández and U.S. Overseas Private Investment Corporation (OPIC) Vice President for Investment Policy Ryan Brennan inaugurated Geotérmica Platanares, a 35 megawatt geothermal baseload power plant in western Honduras. The project is supported by $135 million of financing from OPIC, the U.S. Government’s development finance institution, and developed by Reno, Nevada-based Ormat […]
Costa Rica’s 7th geothermal plant is 80% complete
April 26, 2018
In Costa Rica’s Guanacaste province, the construction of the Las Pailas II Geothermal Project is 80% complete. The installation of the Mitsubishi Hitachi turbine is exceeding the established schedule, keeping the progress swift, with preliminary tests to begin in October. Elsewhere on the project site, much has already been completed, including transmission, reinjection systems, drilled […]
Dominica’s geothermal project will receive $17.2m from World Bank
April 19, 2018
Dominica’s 7 MW geothermal project will get an injection of $17.2 million from The World Bank. The bank’s Operations Officer, Karlene Francis, speaking at the launch of the Climate Resilience Execution Agency for Dominica (CREAD) said, “The bank is also working with the Dominica Geothermal Development Company to prepare a geothermal risk mitigation project. Geothermal energy is […]
Bolivia’s Laguna Colorada geothermal project will start drilling in 2019
April 11, 2018
The 100 MW Laguna Colorada geothermal project will begin drilling in 2019, according to reports. Following 70+ studies to establish resource potential and set development targets, the resource is estimated to be as high as 250 MW. The national energy company, ENDE, led the studies and conducted well tests in technical partnership with Japan. An […]
St. Vincent restructures geothermal project, timeline to reset
April 5, 2018
The geothermal project on St. Vincent and the Grenadines has had an ownership shake-up, with a positive result for the citizens of St. Vincent. After renegotiations, the government will now own a 49 percent stake in the geothermal plant, and the developers – Emera and Reykjavik Geothermal (originally with a 75 percent share) will own […]
Nevis geothermal resource ranks in top six reservoirs in the world
March 27, 2018
Nevis’ geothermal resource is being characterized as one of the top six geothermal reservoirs in the world. Thermal Energy Partner’s Big-Data Analytics approach (that determined Nevis as a commercial-grade resource) was confirmed by GeothermEx’s team during a recently completed geothermal flow and injection test. GeothermEx says its findings confirm the requisite temperature and flow necessary for a sustainable supply of geothermal […]
Full steam ahead at Nevis geothermal reservoir
March 20, 2018
High temperatures and adequate steam from Nevis’ geothermal reservoir has project developers elated, with testing completed and production well drilling expected to commence this summer. On March 16, 2018, Robert Stacy, Senior Reservoir Engineer at GeothermEX shared that the resource is promising. “[There are] high temperatures down at resource at commercial grades to produce power,” […]