GEOLAC Market News - Page 20 of 34

St. Lucia geothermal project shares new documents ahead of stakeholder meeting
March 7, 2018
The Government of Saint Lucia (GoSL) proposes to conduct the Saint Lucia Geothermal Resource Exploration Project within the Soufrière, Choiseul, and Laborie regions of Saint Lucia to assess the feasibility of commercial development of geothermal resources in Saint Lucia. The government released this week several documents, including: Draft Environmental & Social Impact Assessment Stakeholder Engagement […]
Dominica geothermal plant in final stages of price negotiation
February 28, 2018
The government of Dominica is currently in final negotiations with DOMLEC, the power utility of Dominica, on the price of power and the power tariff for the planned geothermal power plant. This power tariff will the determine at what tariff electricity can be made available to Dominica and the consumers. According to Ian Douglas, Minister […]
Teranov receives geothermal licenses for Saba and St. Eustatius
January 31, 2018
Preliminary surface investigations have already begun on Saba and St. Eustatius following the issuing of geothermal exploratory licenses to French developer, Teranov. These permits, exclusive to Teranov, authorize the developer to explore the geothermal resource over three years to qualify the resource for further development. Teranov will also have priority rights to develop the resource. […]
Ormat acquires Guatemala’s El Ceibillo geothermal project
January 29, 2018
U.S. Geothermal will be acquired by Ormat Technologies Inc., with the transaction expected to be finalized in Q2 2018. U.S. Geothermal has operating geothermal plants in the Western United States, and projects in the development phase in the same region, as well as the El Ceibillo project located near Guatemala City, Guatemala. This latest acquisition […]
Guatemala’s El Ceibillo geothermal project receives $3.4 million from GDF fund
November 2, 2017
The Guatemalan El Ceibillo geothermal project is a recipient of a $3.42 (EUR2.91) million grant from the German Development Facility (GDF) for Latin America for further development drilling. The grant represents an approximate 40% cost share for drilling up to three production wells, with a total estimated program cost of $8.81 (EUR7.486) million. If the […]
Caribbean Development Bank receives EU funds to bolster geothermal industry
October 25, 2017
The Caribbean geothermal market has received an injection of EUR 12 million (14.1 million USD) from the European Union Caribbean Investment Facility (EU-CIF) to support geothermal exploration in the Eastern Caribbean. The EU-CIF will provide the EUR 12 million in grant funding to the Caribbean Development Bank via the GeoSmart Initiative. The GeoSmart Initiative was developed […]
St. Kitts geothermal project to accelerate with French government support
October 11, 2017
It seems the St. Kitts geothermal project, recently identified as having a potential for 18-36 MW, will be put on the fast track to development. In a bilateral meeting with St. Kitts officials, the French Ambassador to St. Kitts and Nevis, Phillipe Ardanaz said: “[Hurricane] Irma has triggered some decision in Paris to move forward […]
Geothermal fund announces first round of grant awards
October 9, 2017
In a release yesterday, the Geothermal Development Fund for Latin America (GDF) announced the grant awards for the first call of proposals. The results are: 4 Confirmation Drilling grants have been approved for: Colombia, Guatemala, and Honduras. 4 Surface Studies grants have been approved for: Bolivia, Chile, Ecuador, and Guatemala. These awards total an approximate […]
First geothermal plant in Honduras begins commercial operation
September 28, 2017
Honduras joins its neighbors as a geothermal producing country: just this week Ormat Technologies announced its 35 MW Platanares geothermal project has commenced commercial operation. Platanares will sell power under a 30 year PPA with national utility, ENEE, and is expected to generate yearly revenues of $33million on average. Ormat has a Build, Operate, and […]