GEOLAC Market News - Page 29 of 32

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 […]
Nicaragua: Production Testing at San Jacinto Geothermal Project to Start in January
October 26, 2015
The San Jacinto Geothermal Project in Nicaragua will move forward late this year. Polaris Infrastructure Inc., a Toronto-based company engaged in the operation, acquisition and development of renewable energy projects in Latin America anticipates drilling for the first of these three wells at the San Jacinto Geothermal Project in Nicaragua to be complete in early […]
Argentina: Plan for 30 MW of Geothermal Energy Could be Revived
October 23, 2015
According to local energy news site, Energia Estrategica, the enactment of Argentina’s new renewable energy law could reactivate old projects of the Genren program. Roberto Sarquis from state-owned energy company Energia Argentina SA (Enarsa) said “Launched in 2009, the Genren energy auctions have led to the installation of some wind, photovoltaic and mini hydro […]
Geothermal is an important element of Costa Rica’s renewable energy future
October 23, 2015
Costa Rica aims to become the first CO2 neutral nation by 2021. “From January to October, we produced 98.7% of our electricity from renewable energy”, says Elbert Duran, communications director of the Costa Rican Institute of Electricity (ICE). Next year, the country plans to achieve 100% green electricity. While hydropower has been the first source of […]