GEOLAC Market News - Page 7 of 32

UN weather agency: millions affected by climate change and extreme weather in Latin America and Caribbean
August 17, 2021
Climate-related and geophysical events resulted in the loss of 312,000 lives and directly affected more than 277 million people in Latin America and the Caribbean, a new report released by the World Meteorological Organization (WMO) revealed on Tuesday. Source
Ormat wins contract for San Jacinto geothermal plant expansion
August 13, 2021
Polaris Infrastructure Inc. announced today that it has signed a definitive agreement with a wholly subsidiary of Ormat Technologies Inc. for the supply of a 10 MW (net) Binary Unit at its San Jacinto geothermal power plant in Nicaragua . The additional Binary Unit is in response to Polaris’ previously announced December 2020 extension of the Power Purchase Agreement […]
Dominica geothermal project to drill additional 2 wells
August 4, 2021
In a statement this week, Roosevelt Skerrit, Prime Minister of Dominica, provided an update on the geothermal power project on the Caribbean island state. The geothermal project in the Roseau Valley will see the drilling of two additional wells, with financial and technical support of the World Bank. The Dominica government concluded five procurements valued […]
World Bank approves US$21.9 million to fund geothermal energy exploration in Saint Lucia
July 31, 2021
The World Bank Board of Executive Directors approved today US$21.9 million for the Renewable Energy Sector Development Project for Saint Lucia. This grant financing will help the Government of Saint Lucia assess the viability of its geothermal resources for power generation and strengthen the business environment for the private sector to pursue clean energy projects. […]
El Salvador plans bitcoin mining using geothermal energy
July 14, 2021
El Salvador announced plans on accepting cryptocurrency as legal tender and calls for the use of geothermal energy for bitcoin mining in the country. News outlets around the world are going a bit wild on recent stories that El Salvador wants to “power crypto-mining with 100% cheap, renewable ‘Volcano’ energy”. Before jumping on that wagon, […]
Bluestone to progress studies on geothermal project, Guatemala
July 7, 2021
Reporting on the progress on the company’s Cerro Blanco gold mining project in Guatemala, Bluestone Resources Inc. announced plans for an open pit gold mine development. Proceeding with a feasibility study, permitting, and capacity building in the communities within the area of influence, the element of “responsible development” is highlighted by Bluestone. Source
Chile’s coal phase-out: opportunities for a just transition
June 28, 2021
As countries around the globe make the much-needed transition to zero carbon energy, the livelihoods of millions of coal and oil workers hang in the balance. Discussions surrounding the need for a “just transition”—a framework to protect workers’ rights in the shift to a more resilient, low-carbon economy—have begun in some parts of the world […]
Three geothermal power pilot projects developed in Colombia
June 22, 2021
In the departments of Casanare and Meta in Colombia, there are three pilot projects being developed for geothermal power generation. Developed by the companies Parex Resources and Ecopetrol, they are utilizing hot water derived from oil drilling to produce geothermal power. Source
Geothermal energy still on the agenda in Grenada, Caribbean
June 6, 2021
In the context of the Caribbean, the news have centered around the French territory of Guadeloupe with currently the only geothermal plant in the region, Dominica, the island of Nevis, UK territory of Montserrat, and St. Vincent and the Grenadines. But there clearly has been a wider interest in the Caribbean. The Caribbean country of […]