GEOLAC Market News

$958 Million Geothermal Project Approved By Costa Rican Legislature

July 21, 2015

Last week, the Costa Rican Legislative Assembly approve a $958 million geothermal project. Funding comes partially from JICA and the European Investment Bank, with the remainder provided by the Costa Rican Electricity Institute. With these funds, four 50 – 55MW plants will be constructed. They are expected to produce electricity at a cost of 5 […]

St Lucia to Begin 2nd Round of Public Consultations on Geothermal Energy

July 6, 2015

In order to provide geothermal development updates and transparency, St Lucia’s Ministry of Sustainable Development, Energy, Science and Technology will start a second round of public consultations next week. This will include survey by aircraft and a data assessment by a geologist. Information will be available to the public by August of 2015.