GEOLAC Market News - Page 3 of 24

Call for Expressions of Interest for geothermal projects funding

The Geothermal Development Facility has issued its fourth call for Expressions of Interest for geothermal projects funding. Projects in the following eligible countries, Bolivia, Colombia, Ecuador, Guatemala, Nicaragua, Chile, El Salvador, Honduras, Costa Rica and Perú, can apply for funding under this scheme. Funding would be provided for surface studies or confirmation drilling. The project […]
Colombia ratifies its goal to reach 1500MW of renewables by 2022

Colombia announced it commitment to meet its Paris Agreement targets of carbon emissions reduction by reaching an installed capacity of renewable energy sources of 1500MW by 2022. The Colombian Minister for Mining and Energy, María Fernanda Suárez Londoño, made the announcement at a preparatory meeting for the UN Climate Action Summit. “The diversification of our […]
Costa Rica geothermal plant achieves successful operation

The Las Pailas II Geothermal project in Costa Rica achieved a 55MW rate capacity yesterday. Costa Rican Electricity Institute engineer Didier Ugalde announced the successful operation of its plant. The geothermal power plant has 21 wells, and a 55MW class steam turbine and generator provided by Mitsubishi Hitachi Power Systems. This geothermal power plant is […]
Chilean Government Q&A: What’s next for geothermal?

From our Editorial Team

Q&A with Gabriel Prudencio Flaño, Head of Sustainable Energies Division, Ministry of Energy, Government of Chile Following the 2017 commissioning of South America’s first geothermal power plant, Chile continues to look for ways to expand its geothermal portfolio. Chile’s Ministry of Energy shares thoughts on the sector and how a government effort to remove regulatory […]
Chile gives go-ahead for 30MW geothermal plant

A USD 200 million expansion of the Cerro Pabellón geothermal plant in Chile has been given the go-ahead by the country’s environmental watchdog. This geothermal plant was the first in South America to enter into operation. A subsidiary of Enel Generación, a multi-national power company and leader in the renewable field with a presence in […]
50MW geothermal project in Chile expected in 2024

The geothermal project ‘Mariposa’ in Chile’s Maule region is expected to enter into service in 2024. Energy output from the geothermal plant will be incorporated into the national grid. The 50MW project is a joint venture led by the Energy Development Corporation and Alterra, two established companies in the renewable energy field. A further 50MW […]
Mexico announces tender for geothermal drilling and new information repository for geothermal projects

Geothermal energy is expanding in Mexico, with two announcements this week regarding the drilling of two wells for geothermal energy, and the upcoming development of a database on geothermal water resources in the country. CFE, Mexico’s state power utility announced a tender for the drilling of two wells in the Los Azufres geothermal project. These […]
Exploratory drilling starts for geothermal project in St. Vincent and the Grenadines

Icelandic firm representatives and St. Vincent and the Grenadines representatives met at a ceremony to mark the official commencement of the drilling for a geothermal project on the island. The National Geothermal Project will include four wells, which will provide between 10MW to 20MW of electricity generation. The drilling is expected to be completed by […]
Montserrat 250 KW solar PV plant enters into commission, geothermal also moving forward

Montserrat inaugurated a major solar PV project, with the Premier saying the island would continue to develop both solar PV and geothermal energy projects. The 250KW solar PV plant has entered into commission, and will deliver 10% of Montserrat’s load demand. Montserrat Premier Romeo also emphasised the country’s goals for geothermal energy development, saying “on […]