GEOLAC Market News - Page 2 of 32

OECS and IRENA collaborate to advance geothermal energy in the Eastern Caribbean
December 6, 2024
The Organization of Eastern Caribbean States (OECS) has partnered with the International Renewable Energy Agency (IRENA) through the SIDS Lighthouses Initiative and the Global Geothermal Alliance to advance geothermal energy development in its Member States. The collaboration, focusing on Dominica, Grenada, St. Kitts and Nevis, Saint Lucia, and St. Vincent and the Grenadines, aims to […]
Ecuador moves forward with prequalification for Chachimbiro geothermal project consultancy
November 21, 2024
Ecuador has advanced to the prequalification stage for consultancy services to develop a geothermal power plant at the Chachimbiro site, with applications open until January 4, 2025. The Electric Corporation of Ecuador (CELEC) seeks a consultant to oversee engineering, drilling services, and the commissioning of a 5 MW wellhead plant, paving the way for a […]
Chile enacts new law to simplify geothermal energy development and establish national registry for shallow projects
November 12, 2024
Chile has enacted new legislation to streamline geothermal energy development by amending regulations for shallow projects. The new law also establishes a National Registry for Shallow Uses of Geothermal Energy, managed by the Ministry of Energy, to oversee and track these operations. Source: ThinkGeoEnergy
Mexico’s INEEL launches international tender for geothermal well drilling
November 7, 2024
The Government of Mexico, through INEEL, has announced an international tender for drilling services to explore geothermal wells at Cerro Prieto and Las Tres Vírgenes. Source: ThinkGeoEnergy
Dominica partners with Kenesjay Green Ltd. for green ammonia pre-feasibility study
October 24, 2024
The Government of Dominica has partnered with Kenesjay Green Ltd. (KGL) to conduct a pre-feasibility study for the production of green ammonia from geothermal energy. This study will evaluate the technical, regulatory, and environmental aspects of establishing a production facility while also analyzing market opportunities, particularly in Trinidad and Tobago. Source: Dominica News Online
Chec, Ecopetrol, and Baker Hughes partner to develop geothermal energy in Colombia’s Nereidas Valley
October 24, 2024
The Caldas Hydroelectric Power Plant (Chec), Ecopetrol, and Baker Hughes have partnered to develop geothermal energy in Colombia’s Nereidas Valley near Nevado del Ruiz volcano. Led by Julián López Palacio, the project aims to harness underground heat for electricity generation, enhancing the country’s energy grid. If current drilling succeeds, the project could generate up to […]
Colombia plans a geothermal energy bidding round
October 10, 2024
Colombia is preparing a bidding round for geothermal energy licenses as part of its efforts to transition from fossil fuels. The process, led. by the Ministry of Mines and Energy, is expected to start by the end of this year. Colombia is also organizing an offshore wind auction and has resumed seven suspended oil and […]
Dominica is set to complete its first geothermal power plant by December 2025
October 10, 2024
Dominica is on track to complete its first geothermal power plant by December 2025, backed by a US$38.9 million contract with India’s Kalpataru Projects. Source: Caribbean National Weekly
Ecuador and Japan sign US$43 million loan agreement for a geothermal project
October 10, 2024
Ecuador and Japan signed a US$43 million loan agreement for the Chachimbiro geothermal project in Imbabura, Ecuador, which aims to achieve 50 MW of installed capacity. Source: ThinkGeoEnergy