GEOLAC Market News - Page 21 of 32

Chilean geothermal plant begins operations, a first for South America
April 3, 2017
The long anticipated 48 MW geothermal power plant Cerro Pabellon has started commercial operation supplying electricity to Northern Chile. The Cerro Pabellón plant is located at an elevation of 4,500 meters above sea level in the Ollagüe commune in the Atacama Desert. The plant is the first geothermal installation in all of South America, and […]
Chile: $30m loan for exploratory phase at Cerro Pabellon geothermal project
March 29, 2017
The Inter-American Investment Corporation (IIC) has signed a US$30 million corporate loan facility with Enel Green Power Chile to finance exploratory works for what could be the first geothermal power project in South America—the Cerro Pabellon geothermal power plant in Chile. The loan will be funded by the Clean Technology Fund Loan (CTF), administered by […]
St. Kitts geothermal feasibility study proves geothermal, government to decide path forward
March 28, 2017
A feasibility study done by Teranov, a French engineering and services company for new and renewable energy based in Guadeloupe, has proven that there is potential in St. Kitts to develop at least 18 to 36 megawatts of geothermal power. Photo: (L-R) Joseph Williams; Dr. Devon Gardner; Dr. Vince Henderson; Hon. Ian Patches Liburd; Jacques […]
Bolivia: Japan to support Phase 2 of Laguna Colorada Geothermal construction with 61 billion yen loan
March 27, 2017
On March 24, the Japan International Cooperation Agency (JICA) signed a loan agreement with the Government of Bolivia to provide a Japanese ODA loan of up to 61.485 billion yen for the Laguna Colorada Geothermal Power Plant Construction Project (Second Stage). The project will meet the growing power demand, contribute to diversification of the energy […]
Grenada receives grant for geothermal development
March 23, 2017
The Board of Directors of the Caribbean Development Bank (CDB) has approved a grant of US $231,630 to the Government of Grenada to build its capacity for planning and implementation of its geothermal energy development roadmap. The resources are from the Global Environment Facility through the Inter-American Development Bank’s Sustainable Energy Facility for the Eastern […]
How Dominica has breathed new life into its geothermal project

From our Editorial Team
March 16, 2017
Dominica’s long-standing efforts to develop its geothermal resource have been well documented. Nearly a decade ago an exploratory drilling program confirmed the existence of a viable high temperature resource. Since then, Dominica’s bid to harness its geothermal has seen highs and lows but ultimately the project at Wotten Waven-Laudat – while it has attracted interest […]
IRENA round up of geothermal in Latin America
March 9, 2017
In a report published late last year, IRENA provides a great overview on renewable energy deployment in Latin America. While geothermal energy does not play a tremendously large role in the overall energy supply in the region, it plays an important role in some of the countries in the region. Geothermal energy plays a particularly […]
Nicaragua offers attractive incentives to geothermal developers
March 6, 2017
In a recent article by a lawyer from Nicaragua, an overview is given on the tax incentives for geothermal project development In Nicaragua. The country offers attractive tax incentives based on Act 443, “Law on the Exploration and Exploitation of Geothermal Resources” and any amendments thereto, published on November 17, 2014. The tax incentives available, […]
Argentina to improve policies for small-scale solar and geothermal
February 27, 2017
Argentina seeks to strengthen its policies for solar PV and geothermal, in an effort to increase its renewable energy and create a local solar industry. A new bill supporting the development of distributed generation is expected to be approved by the lower house in the first half of this year, and coming into effect in […]