GEOLAC Market News - Page 20 of 32

Geothermal leaders meet in Central America to explore increased geothermal capacity
August 23, 2017
Central American countries are world leaders in terms of installed geothermal energy, but have the potential for 20 times current installed capacity. This geothermal potential could serve as a key tool to low-carbon economic development, according to the International Renewable Energy Agency (IRENA), if regional governments can adopt the policy and regulatory frameworks necessary to […]
Dominica geothermal project secures financing as plant designs expected shortly
August 9, 2017
After securing a project manager in June, Dominica’s geothermal project continues to move forward and designs for the plant are expected to be completed by Q3 2017. “In June of this year, the government of New Zealand recruited a project manager who is now engaged with DGDC,”Prime Minister Roosevelt Skerrit told legislators recently, adding “funding […]
Nicaragua seeks $15m for geothermal project from Climate Investment Fund
August 5, 2017
Reported this week, the Nicaraguan Government together with the World Bank have sought the approval of $15 million from the Climate Investment Fund for Nicaragua’s Geothermal Development Plan. As reported by Energia Limpia XXI the Climate Investment Fund is now studying the approval of the bid for $15 million allocation in funds ($7.7 million in grant and […]
Montserrat geothermal project to soon resume drilling on third well
July 27, 2017
Following news on the drilling campaign for the third well of the geothermal project on Montserrat in the Caribbean, things had turned a bit quiet. Local news outlet Montserrat Reporter now reported earlier this month, that work on this third well is to resume soon. There seem to have been some problems with the drilling […]
Nicaragua’s San Jacinto geothermal plant drilling additional wells
June 20, 2017
Polaris Energy Nicaragua and geothermal drilling specialist Iceland Drilling Company (IDC) have signed a contract to drill additional wells at the San Jacinto-Tizate Geothermal Power plant in Nicaragua. In 2016, three new wells were drilled by the company and a workover conducted for four existing wells. The current drilling project started last month and already last […]
13 finalists chosen for Latin American geothermal development facility
May 30, 2017
The Geothermal Development Facility (GDF) for Latin America has selected 13 finalists after the first run of expression of interests closed at the end of February 2017. Final grant approvals are anticipated for Q4 2017. The German government’s KfW Development Bank in conjunction with the European Union has launched the EUR55 million geothermal power fund […]
Mexico issues three geothermal exploration permits for Engie and Reykjavik Geothermal
May 24, 2017
Mexico is expanding its geothermal market to the private sector with a recent issuing of exploration permits for global energy companies. Mexico’s Ministry of Energy (SENER) has issued three exploration permits to ENGIE, a global energy company, and Reykjavik Geothermal, an Icelandic geothermal development company. These permits authorise their holders to spend three years exploring […]
GEOLAC updates on Nicaragua’s San Jacinto geothermal project
April 28, 2017
At the GEOLAC conference in Mexico City, a brief overview on the situation in the geothermal market of Nicaragua was given by Laura Wendell Berman, Energy Specialist the World Bank and Mark Murnaghan, CEO of Polaris Infrastructure Inc. Discussing the market, an overview was given on the status of the San Jacinto geothermal field and […]
Laguna Colorada project updates from GEOLAC
April 27, 2017
At the GEOLAC conference in Mexico City, Marco Antonio Escobar Seleme, the head of the Laguna Colorada geothermal project by ENDE in Bolivia provided an update on the 100 MW project. The project recently signed a loan with JICA from Japan over $552 million for the development of the project. The geothermal potential of Bolivia along […]