GEOLAC Market News - Page 5 of 32

CEGA’s feasibility study concludes that constructing a geothermal plant in Puyuhuapi, Chile is possible
June 29, 2022
CEGA’s feasibility study in Puyuhuapi, Chile, concludes that a geothermal cogeneration plant is achievable in the area from a social, economic, technical, and legal perspective. Source: Think Geo Energy
Bolivian state power company Ende is looking for help to determine the future of the 100MW Laguna Colorada geothermal project
June 15, 2022
Three companies are interested in procuring a 130 day contract to determine the economic viability and future of the 100MW Laguna Colorada geothermal project in Bolivia. Source: BNAmericas
Dominica details progress on the first two well pads for a ten-megawatt geothermal power plant on the island
June 2, 2022
Dr. Vince Henderson of the Government of Dominica confirmed progress on the first two well pads for a 10 MW geothermal power plant in Laudat. The entire project will take around 18 months to complete. Source: Associate Times
CEGA Uses FIC-R Award to Develop Low-Temperature Geothermal Energy Project
January 17, 2022
After being awarded the Innovation Fund for Regional Competitiveness (FIC-R), The Center of Excellence in Geothermal Energy of the Andes (CEGA) plans to expand its implementation of projects for the use of low-temperature geothermal energy. One of the projects they’re developing will use shallow geothermal energy and operate at one of the lowest costs in […]
Chile and Bolivia resume dialogue for possible electricity integration
January 5, 2022
Representatives of the Ministries of Energy of Chile and Bolivia have resumed talks to develop an electrical interconnection study, which will be financed by the Inter-American Development Bank (IDB). The geothermal industry is a potential big winner. Source: ThinkGeoEnergy
Costa Rica Submits Geothermal Direct Use Legislation for Consultation
December 9, 2021
Costa Rica is in an important position to begin increasing their direct use of Geothermal resources. However, due to barriers like the lack of a nationwide regulatory framework, the significant potential for geothermal direct use in Costa Rica remains at arm’s length. In response, the Ministry of Environment and Energy (MINAE) invited stakeholders and other […]
Caribbean countries to benefit from new IDB energy initiative to be announced at COP26
October 14, 2021
The Inter-American Development Bank (IDB) says it will create a financing instrument dedicated to expanding energy access, supporting energy transition, and protecting the climate in Latin America and the Caribbean (LAC).The financing instrument, which will be formally announced at the UN Climate Change Conference (COP26) to be held in Glasgow next month, will be managed […]
20 geothermal projects on the agenda in Peru
October 14, 2021
Peru’s Ministry of Energy and Mines filed 20 authorization requests for the development of geothermal projects, especially in the south, Brendan Oviedo, president of the Peruvian Renewable Energy Association (SPR), told outlet Gestión. Source
Colombian geothermal potential estimated at 1,170 MW
October 7, 2021
Local news from Colombia report on released estimates for the geothermal potential by the Colombian Geological Service (SGC). The preliminary study estimates a potential of 1,170 MW of geothermal power generation capacity for Colombia. Source