GEOLAC Market News - Page 5 of 32

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
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