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GEOLAC Market News

  • 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 […]

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    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

  • Climate Change and the role of geothermal for Chile

    September 14, 2021

    In an interview with Diego Morata, director of the Geothermal Center of Excellence for the Andes, by ThinkGeoEnergy, he points out the key role that geothermal energy could play in the future context of hydroelectric generation and climate change in Chile. “We have finally seen it rain in south central Chile and, in fact, we […]

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    Where We Mine: extractives in Latin America

    September 10, 2021

    As the drive to expand renewable energy capacity speeds up, there is a rush for lithium and other materials around the world. What will the expansion of rare earth mining in Latin America mean for the indigenous communities and workers who have historically borne the harms of the extractives industries? Thea Riofrancos, author, explains how […]

  • Tender – Communication work on geothermal in Guadeloupe

    September 10, 2021

    The INTERREG – Energy Transition in the Caribbean (TEC) project and the Regional Council of Guadeloupe has announced a tender for a service provider to do communication work. The deadline for the submission of tenders will be on 28 September 2021 at 12:00 (Guadeloupe time).   Source

  • Chile sets record rates in renewable bids

    September 1, 2021

    Twenty-nine companies placed bids to further develop renewables in Chile setting a record rate. Source (in Spanish)

  • Colombia publishes rules for geothermal project development

    August 25, 2021

    Colombia has released the final round of regulations for geothermal power project development in the country.In a notification published by the Colombian Ministry for Mining and Energy, a new draft decree on regulations for geothermal energy development has now been released for public comment. Source

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