GEOLAC Market News

First geothermal power plant inaugurated in Colombia

Parex Resources Inc., an international oil and gas exploration and development company with headquarters in Calgary, Canada has reached a milestone for the company and Colombia. Source  

Geothermal energy can help Chile decarbonize

Chile seeks to capitalize on the potential of geothermal energy, which could generate 3,800MW and accelerate the decarbonization of its energy matrix.   Source

The importance of geothermal energy for Chile’s energy mix of the future

In recent interview, Dr. Diego Morata of the Chilean Center of Excellence for Geothermal of the Andes (CEGA) highlights the important role geothermal energy can play for the future energy mix of Chile. Source 

Legislative efforts continue to promote renewables and geothermal in Peru

Legislation presented in Peru, seeks to encourage investment in non-conventional renewable energies and geothermal energy with short-term objectives for the southern part of Peru.   Source

Mexico’s CFE and France to cooperate on implementing ORC units at geothermal fields

State-owned utility and power company CFE (Federal Electricity Commission) has signed a cooperation agreement with the French embassy in Mexico to develop geothermal energy. The agreement will explore the use of binary cycle technology with resources from the French government’s Study Funds and Assistance to the Private Sector (FASEP).   Source

New IDB report on the status of geothermal industry in LAC region

New Energy teamed up with the Inter-American Development Bank to release an in-depth market report about the road ahead for geothermal energy Latin America and the Caribbean.   Source

Video – Virtual tour of Platanares geothermal power plant of Ormat in Honduras

Ormat Technologies shares an overview on the development of the Platanares geothermal power plant by GeoPlatanares in Honduras. Source

Is the time ripe for an expanded geothermal industry in Latin America & the Caribbean?

From our Editorial Team

Teeing up the discussions that will take place at GEOLAC Virtual next week, four household names came together on August 26 for a webinar discussion to assess the prospects for geothermal against the backdrop of a pandemic and fiscal crises across the region. The conclusion? The industry needs to find new ways to market itself […]

Going virtual – The NEE experience; An Interview with CEO Matthew Perks

Our CEO caught up with Alex Richter from ThinkGeoEnergy–virtually of course. Among other items, they discussed the challenges of holding events during a pandemic and how going virtual brings unexpected advantages.  Richter and Perks also discussed the upcoming GEOLAC event, Sept. 15-17, 2020 and the urgency around helping the industry continue to move forward. Read […]