GEOLAC Market News - Page 3 of 32

Chec, Ecopetrol, and Baker Hughes partner to develop geothermal energy in Colombia’s Nereidas Valley
October 24, 2024
The Caldas Hydroelectric Power Plant (Chec), Ecopetrol, and Baker Hughes have partnered to develop geothermal energy in Colombia’s Nereidas Valley near Nevado del Ruiz volcano. Led by Julián López Palacio, the project aims to harness underground heat for electricity generation, enhancing the country’s energy grid. If current drilling succeeds, the project could generate up to […]
Colombia plans a geothermal energy bidding round
October 10, 2024
Colombia is preparing a bidding round for geothermal energy licenses as part of its efforts to transition from fossil fuels. The process, led. by the Ministry of Mines and Energy, is expected to start by the end of this year. Colombia is also organizing an offshore wind auction and has resumed seven suspended oil and […]
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.