GEOLAC Market News - Page 29 of 32

Geothermal plants and development in Nicaragua
January 26, 2016
This week Engergia Limpia published an overview of geothermal energy projects in Nicaragua. Nicaragua currently has two geothermal fields in operation – Momotombo and San Jacinto Tizate. Additionally, there are two sites for which concessions have been issued for geothermal exploration – Monte Galan- Chiltepe Managua and Volcan Casita-San Cristobal. There are additional sites for which concessions […]
El Salvador plans to reach a 40% share of geothermal in energy mix by 2019
January 24, 2016
The government of El Salvador announced that it plans to strive to obtain 40% of its national electricity supply from geothermal power. In a statement, the Secretary of Communications of the Presidency of El Salvador, Eugenio Chicas said that this plan aims to source more of its energy from renewables. “The expectation is that at […]
Geothermal is the key to lower electricity prices in the Caribbean, says CDB
January 23, 2016
In a recent interview, Warren Smith, President of the Caribbean Development Bank and CREF Speaker, said that “geothermal is the key to cheaper electricity” in the Caribbean. Caribbean islands have great geothermal potential that could help islands to transition away from dependency on foreign oil and volatile pricing, while developing a reliable and clean energy source. […]
Geothermal exploration begins in St. Kitts
November 13, 2015
Earlier last month, a memorandum of understanding (MOU) was signed by the government of St. Kitts and Teranov, a French engineering and services company for new and renewable energy based in Guadeloupe, to begin geothermal exploration on the island of St. Kitts. The agreement includes a roadmap that paves the way for the production of […]
Geothermal Potential in Montserrat
November 9, 2015
Multi-million dollar tests carried out by Icelandic experts on the island of Montserrat indicate promising potential to generate power using geothermal energy. Montserrat currently has the highest rates in the Caribbean with residential customers paying $0.50 per kilowatt-hour for electricity, compared to the regional average of $0.33. In 2013 the UK Department for International Development […]
Mexico: Grupo Dragon gets First Private Geothermal Energy Concession
November 4, 2015
Grupo Dragon will be the first private company to take advantage of geothermal resources in Mexico, said CEO of Dragon, José Pablo Fernandez. The concession agreement is for a project located in San Pedro Lagunillas, Nayarit, where, in the first phase 25 MW will be generated by next summer. Another 25 MW will be added […]
Public info event on geothermal projects in Monserrat
November 3, 2015
As part of the initial stage development regarding the potential for a geothermal well, the Montserrat government will hold a public information meeting on Thursday November 5th. The meeting will convene to provide details on the process of undertaking an Environmental Impact Assessment (EIA) and a team of consultants, led by Dr. Erwin Edwards of […]
Geothermal Resources are Tremendous, Says Caribbean Roadmap Report
November 2, 2015
According to World Watch Institute’s newly released Caribbean Sustainable Energy Roadmap and Strategy (C-SERMS) Baseline Assessment and Report, most CARICOM member states possess untapped geothermal resources, which could dramatically change the region by making member states renewable energy exporters. The report assesses the regional energy situation and makes suggestions for renewable energy, energy efficiency, and […]
Bolivia: Laguna Colorada geothermal project moves forward with help from Nicaragua
November 2, 2015
Bolivia’s Laguna Colorada geothermal project will get assistance from Nicaragua to install an initial 50 MW plant by 2019. According to Ernesto Martinez, CEO of Nicaraguan power company Empresa Nicaraguense de Electricidad (ENEL), Nicaragua is ready to share 32 years of experience in geothermal energy development with the South American state. At a recent meeting […]