GEOLAC Market News - Page 26 of 32

Dominica to establish company to construct geothermal plant
July 28, 2016
The Government of Dominica has secured the US$46 million to establish a company that will build a 7 MW geothermal plant over a 2 year period. The company will act as a Special Purpose Vehicle (S.P.V) to finance the construction of the plant, which will sell power to DOMLEC – the Dominica power utility. Interest, […]
IDB to invest in geothermal energy exploration in Nicaragua
July 22, 2016
In Nicaragua, the IDB will invest in a project for the exploration and certification of geothermal reserves. The development bank stated the purpose of the project as promotion of renewable energy alternatives and foreign investment in the country. Public and private partnerships are expected to result from this endeavor to consolidate the renewable energy sector; […]
Thermal Energy Partners begin final design for Nevis geothermal project
July 10, 2016
Technical teams arrived in Nevis last month to make final preparations with the Nevis Electric Utility (NEVLEC) before launching the construction of the island’s first geothermal power plant. Thermal Energy Partners, LLC (TEP) has joined Turboden, Clemessy and subsidiary, Eiffage, in a joint venture to provide EPC services for the project. Turboden was selected by […]
Ormat announces closing of financing of the Bouillante Geothermal Power Plant on Guadeloupe
July 7, 2016
Ormat Technologies will close financing on the recently acquired 14.75 MW Bouillante geothermal power plant in order to expand capacity. Previously owned by Geothermie Bouillante SA the plant currently generates approximately 10 MW of power and an expansion will provide up to 45 MW of additional capacity. The project is a result of an agreement signed […]
Peru: GRC member explores geothermal phenomenon in the Amazon
June 23, 2016
Inside the jungle of Peru exists a river known as the “Boiling River”. The river, called Pachitea in the regional Mayantuyacu dialect, is a tributary of the Amazon and has become famous for its warm temperatures, brought about by natural geothermal springs. Or is it so? Old oilfields litter the landscape that the river cuts […]
Preparations under way for drilling and construction at Nevis project
June 21, 2016
Final preparations are underway to build a geothermal facility in Nevis. The coordination is being handled by developer Thermal Energy Partners LLC (TEP) through its affiliate NRE International (NREI), which has begun a series of final design reviews and analysis of utility interconnection. Joining TEP and NREI in the venture are technical teams from Turboden […]
EDC eyeing geothermal opportunities in Mexico
June 14, 2016
Philippines-based geothermal firm, Energy Development Corp (EDC) is considering investment in a site in Mexico “We’re not doing anything yet – but we’re studying. Mexico’s energy sector is privatizing, deregulating so we want to take a look,” said EDC president Ricky Tantoco. The commitments of Latin American governments since the Paris COP21 agreement have led […]
Developer of Nevis geothermal project seeking funding from OPIC
June 13, 2016
Nevis Renewable Energy International has approached the Overseas Private Investment Corporation (OPIC) to finance a geothermal project. The project has had a couple challenges that will raise questions for the powerful fossil fuel group, including one well site where significant steam levels did not produce the energy projected by administrators. The government of Nevis has deferred […]
Dominica: geothermal projects should not be on back-burner
June 8, 2016
UK Parlimentary Under Secretary of State for International Development, Baroness Sandip Verma, paid an official visit to Dominica this week. She expressed the UK government’s interest in long term economic development in a statement: “You obviously have a vision for your country,” she said to the Hon. Prime Minister Skerrit. “We also have a vision […]