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GEOLAC Market News

  • Dominica is set to complete its first geothermal power plant by December 2025

    October 10, 2024

    Dominica is on track to complete its first geothermal power plant by December 2025, backed by a US$38.9 million contract with India’s Kalpataru Projects. Source: Caribbean National Weekly

  • Ecuador and Japan sign US$43 million loan agreement for a geothermal project

    October 10, 2024

    Ecuador and Japan signed a US$43 million loan agreement for the Chachimbiro geothermal project in Imbabura, Ecuador, which aims to achieve 50 MW of installed capacity. Source: ThinkGeoEnergy

  • St. Kitts and Nevis Prime Minister explores partnership for geothermal project

    May 3, 2024

    St Kitts and Nevis Prime Minister, Dr. Terrance Drew, has had discussions with UAE-based investment firm K&K Group regarding the development of the much-touted geothermal project in Nevis. Source: ThinkGeoEnergy

  • Colombia announces first round of geothermal energy auctions

    March 28, 2024

    Colombia announced its first round of auctions for geothermal energy projects by the second semester of 2024. While the specific areas for tender have not been finalized, potential sites in the western mountain range, including Paipa and Iza in Boyaca, are being considered. Source: ThinkGeoEnergy

  • Optimizing geothermal production across Latin America: An interview with the President and CEO of Toshiba America, Inc.

    March 26, 2024

    At the 10th Geothermal Congress for Latin America and the Caribbean (GEOLAC 2023) held in November 2023, PiensaGeothermia sat down with Ken Takagi, President and CEO of Toshiba America, Inc., to discuss how Toshiba plans to support the development of the regional geothermal market. In terms of Toshiba’s offering, Takagi highlighted in particular the innovative […]

  • SVG officials reaffirm commitments to geothermal project

    February 1, 2024

    St. Vincent & the Grenadines reaffirms its commitment to geothermal project with a new proposal for a 5 MW geothermal power production facility.  Source: ThinkGeoEnergy

  • Interview: EPM shares their approach to geothermal, and a broader vision for Colombia

    November 23, 2023

    In this pre-GEOLAC interview, PiensaGeotermia’s news platform interviews Juan Pablo Restrepo from EPM’s power generation group, where he shares perspectives on EPM’s approach to geothermal, and a broader vision for Colombia and the region.

  • Dominica’s government continues to support the country’s geothermal project

    September 14, 2023

    According to Dominica’s finance Minister, the government will continue to fund the ongoing development of the geothermal project in the country. Source: ThinkGeoEnergy

  • INEEL launches tender to contract geothermal well drilling services in Mexico

    September 14, 2023

    The National Institute of Electricity and Clean Energy (INEEL) launched an International Public Tender, with the help of the IDB, which aims to contract geothermal well drilling services in various geothermal areas in Mexico. Source: Piensa Geotermia

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