GEOLAC Market News - Page 8 of 32

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 […]
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