GEOLAC Market News - Page 24 of 32

Ecuador plans for geothermal
November 28, 2016
Ecuador doesn’t have any geothermal online yet, it has big plans to change that. In its long term energy strategy released last month, Ecuador wants its grid to run on 90% clean energy. Geothermal potential is estimated at 1,000 MW, and the government has recognized this potential in its National Energy Agenda 2016-2040. In the National […]
IRENA Report: Dynamic policies driving renewable energy growth in Latin America
November 22, 2016
Latin America hosts some of the world’s most dynamic renewable energy markets, according to IRENA. Countries in the region are endowed with renewable resources that make for unprecedented opportunities in solar, wind, hydro and geothermal energy. The rapid reduction in technology costs help to buoy the business case for renewables investment and with the right […]
$50m funding round opens through IRENA and Abu Dhabi fund
November 16, 2016
Opening its fifth funding round, IRENA and the Abu Dhabi Fund for Development further cements its commitment to renewable energy in developing regions, providing concessional loans for developing countries renewable energy projects. This funding round of $50 million is part of a larger $350m program to provide support to renewable energy projects endorsed by IRENA. The […]
El Salvador, Bolivia: Countries Agree to Cooperate in Installation of a 5 MW Geothermal Pilot Plant
November 13, 2016
El Salvador and Bolivia are looking forward to “an opportunity for integration [and] greater income” via a partnership that will allow short-term energy integration between the two countries. State-owned Bolivian oil company, YBFB, will become a supplier, marketer and distributor of LPG to El Salvador, while the latter country with Salvadoran company LaGeo will provide […]
St Maarten PM wants joint geothermal project
November 6, 2016
Prime Minister of St. Maarten, William V Marlin, is leading the charge for the “joint development” of geothermal energy in the Caribbean. Recent studies have confirmed the potential for the resource in Nevis, Dominica, Antigua and Barbuda. The latter country just announced its intention to study whether geothermal resources are available in sufficient quantities on […]
El Salvador to help on development of 5 MW geothermal project in Bolivia
November 2, 2016
Bolivia and El Salvador have negotiated a partnership in renewable energy infrastructure. One aspect of the agreement is a 5 MW MW geothermal project in Bolivia, built by LaGeo of El Salvador. The construction of a thermoelectric plant in El Salvador will also be supported by the agreement. Minister of Hydrocarbons and Energy, Luis Alberto […]
Proposed new energy strategy for Saint Lucia
November 2, 2016
The Government of St. Lucia (GoSL) has developed a new strategy to address clean energy on the Caribbean Island. A study, along with independent analysis from the Rocky Mountain Institute-Carbon War Room (RMW-CWR), and the Clinton Climate Initiative (CCI), have identified opportunities for new investments and ownership structures to benefit customers. The strategy must have […]
Dominica sets aside $15 million for geothermal project
November 2, 2016
Dominica is committing US$15 million for the development of a geothermal project that has been in a test phase since 2012. Although recent inclement weather has challenged the financial security of the project, the government still views the project as a priority. Part of the commitment involves a partnership with New Zealand for the development […]
Funding of up to $80m approved geothermal development in the Caribbean
October 16, 2016
The Eastern Caribbean will receive US$80 million in funding for geothermal development, part of a US$745 million project approved by the Board of the Green Climate Fund. The Inter-American Development Bank (IDB) is cooperating on the $80 million package for the Sustainable Energy Facility of the Eastern Caribbean. The overall project aims to help countries […]