GEOLAC Market News - Page 24 of 32

St. Kitts: Geothermal potential could be 37 MW
December 19, 2016
After a year of exploration, St. Kitts geothermal developer estimates potential between 18 and 37 MW. Minister of Energy, Honourable Ian Patches Liburd said that developer, Teranov who in September 2015 joined forces with the government of St. Kitts to assess geothermal potential on the island, had found positive prospects for the resource. “I am happy […]
Five-in-five: Chris McCormick, Geothermal Development Facility for Latin America
December 19, 2016
New Energy Events 5 in 5 | Interview with Chris McCormick from New Energy Events on Vimeo. New Energy Events interview series, Five-in-Five, features concise and incisive interviews with leading industry players. We’ll be putting five market-critical questions to each of our interviewees over the course of a highly digestible five minute segment. This week, New Energy Events […]
Latin American geothermal fund open for business
December 13, 2016
The much anticipated Latin American geothermal exploration/drilling fund is opening its doors for business. The Geothermal Development Facility, whose objective is to encourage public and/or private investment in geothermal power development in Latin America, has issued its first call for Expressions of Interest, to be submitted by January 15, 2017. Interested applicants may submit a […]
Bolivia geothermal exploration to begin 2017
December 8, 2016
Bolivia has committed to diversifying its energy supply, and if all goes according to plan geothermal will be an integral part of their profile. Geothermal exploration at the Laguna Colorado site – close to the border of Chile – is set to begin in 2017 with the support of ICE from El Salvador. The plant […]
Japanese geothermal targets Latin America
November 30, 2016
Mitsubishi Hitachi Power Systems Ltd., a venture between Mitsubishi Heavy Industries Ltd. and Hitachi Ltd., is eyeing Latin America to export its geothermal turbines, hoping to supply equipment for projects backed by Japan’s aid agency. The company, which announced winning an order in October to supply a 55-megawatt turbine for a project in Costa Rica, […]
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 […]