GEOLAC Market News - Page 4 of 32

The OECSC receives funding from the CDB for the OECS GeoBuild Program
April 12, 2023
Organisation of Eastern Caribbean States Commission (OECSC) received funding from the Caribbean Development Bank to support the OECS Geothermal Energy: Capacity Building for Utilisation, Investment and Local Development (OECS GEOBUILD) Programme. Source: Caribank
Nevis Island Administration extends geothermal drilling tender
April 12, 2023
The Nevis Island Administration extended its geothermal drilling tender due to increased interest. Source: ThinkGeoEnergy
Ecopetrol, Baker Hughes, and Grupo EPM’s Caldas Hydroelectric Power Plant (CHEC) partner to study the feasibility of a geothermal energy project in Colombia
March 17, 2023
Ecopetrol, Baker Hughes, and Grupo EPM’s Caldas Hydroelectric Power Plant (CHEC) signed an MoU to study the potential for a geothermal plant in Nereidas Valley, located in the department of Caldas, Colombia. Source: Portafolio
A new geophysical imaging technique aims to develop a more comprehensive method to image geothermal resources in Guadeloupe
February 1, 2023
A new geophysical imaging technique that can be used terrestrially and in marine environments is being tested in Guadeloupe. The INTERREG project aims to develop a better method to image the geothermal resources on the island. Source: ThinkGeoEnergy
Mexico plans to deploy an additional 30 GW of wind, solar, geothermal, and hydroelectricity capacity by 2030
November 17, 2022
Mexico announced at COP27 that they intend to deploy more than 30 GW of additional wind, solar, geothermal, and hydroelectricity capacity by 2030. Source: Renewables Now
Saint Lucia explores geothermal opportunities with help from the World Bank’s Renewable Energy Sector Development Project
November 17, 2022
The World Bank is currently working to help Saint Lucia undertake geothermal exploration drilling activities to confirm the extent and quality of the resource. Source: World Bank
St. Kitts and Nevis announce new plans for geothermal project
November 3, 2022
The St. Kitts and Nevis government has announced new plans for a geothermal project that will help push forward the island’s energy security agenda. The geothermal project will add to their renewable energy mix. Source: Caribbean National Weekly
Dominica signs US$33.7 million dollar contact with the Iceland Drilling Company to drill two more wells for the island’s geothermal project
August 10, 2022
The Prime Minister of Dominica signed a US$33.7 million contract with the Iceland Drilling Company to drill two additional wells for the geothermal project currently being constructed in the country. The project, developed by the Dominica Geothermal Development Company, plans to have a 10 MW capacity. Source: ThinkGeoEnergy
Geothermal greenhouse project in Coz Coz, Chile, comes online
July 13, 2022
A geothermal greenhouse project promoted by CEGA has been completed in Coz Coz, in the district of Panguipulli, Chile, and will provide tomatoes all year round. The Innovation Fund for Competitiveness (FIC) financed the initiative. Source: ThinkGeoEnergy