GEOLAC Market News - Page 8 of 32

Latin American and Caribbean countries use volcanic landscapes to tap geothermal energy
May 8, 2021
Geothermal, a renewable energy source that involves drilling for hot steam deep underground, currently provides less than 1% of the world’s energy. It’s a resource that could theoretically be accessible everywhere on the planet. Advocates are particularly interested in increasing its footprint in developing countries, such as Latin America and the Caribbean, to help boost […]
First geothermal power plant inaugurated in Colombia
March 29, 2021
Parex Resources Inc., an international oil and gas exploration and development company with headquarters in Calgary, Canada has reached a milestone for the company and Colombia. Source
Geothermal energy can help Chile decarbonize
March 24, 2021
Chile seeks to capitalize on the potential of geothermal energy, which could generate 3,800MW and accelerate the decarbonization of its energy matrix. Source
The importance of geothermal energy for Chile’s energy mix of the future
February 17, 2021
In recent interview, Dr. Diego Morata of the Chilean Center of Excellence for Geothermal of the Andes (CEGA) highlights the important role geothermal energy can play for the future energy mix of Chile. Source
Legislative efforts continue to promote renewables and geothermal in Peru
February 3, 2021
Legislation presented in Peru, seeks to encourage investment in non-conventional renewable energies and geothermal energy with short-term objectives for the southern part of Peru. Source
Mexico’s CFE and France to cooperate on implementing ORC units at geothermal fields
January 5, 2021
State-owned utility and power company CFE (Federal Electricity Commission) has signed a cooperation agreement with the French embassy in Mexico to develop geothermal energy. The agreement will explore the use of binary cycle technology with resources from the French government’s Study Funds and Assistance to the Private Sector (FASEP). Source
New IDB report on the status of geothermal industry in LAC region
November 2, 2020
New Energy teamed up with the Inter-American Development Bank to release an in-depth market report about the road ahead for geothermal energy Latin America and the Caribbean. Source
Video – Virtual tour of Platanares geothermal power plant of Ormat in Honduras
October 5, 2020
Ormat Technologies shares an overview on the development of the Platanares geothermal power plant by GeoPlatanares in Honduras. Source
Is the time ripe for an expanded geothermal industry in Latin America & the Caribbean?

From our Editorial Team
September 10, 2020
Teeing up the discussions that will take place at GEOLAC Virtual next week, four household names came together on August 26 for a webinar discussion to assess the prospects for geothermal against the backdrop of a pandemic and fiscal crises across the region. The conclusion? The industry needs to find new ways to market itself […]