geothermal energy - Page 5 of 7

Polaris announced the completion of construction, testing, and initial operation of its 10.4 MW geothermal binary power plant in Nicaragua
January 18, 2023
Polaris Renewable Energy announced they have completed the construction, testing, and initial operation of a 10.4 MW geothermal binary power plant. They achieved full capacity during testing on New Year’s Eve. The project is located at the San Jacinto geothermal project in Telica, Leon, Republic of Nicaragua. Source: ThinkGeoEnergy
CDB approves US$17 million in financing for geothermal project in Nevis
December 22, 2022
The CDB approved US$17 million in financing for the development of the geothermal project in Nevis. The project’s aim is to reduce electricity costs and carbon emissions, and increase energy security. Source: Caribbean News Service
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
Mexico’s CFE earmarks US$75.2 million for geothermal projects next year
September 21, 2022
Mexico’s national power company, CFE, is proritizing investment in geothermal. Geothermal projects are slated to receive about US$75.2 million in investments in 2023. Source: Think Geo Energy
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
Colombia establishes new rules for the development of the hydrogen market and a permitting process for geothermal exploration and exploitation
July 27, 2022
Colombia’s Ministry of Mines and Energy established new rules that provide a framework for the development of the hydrogen market and established a permitting process and requirements for requesting geothermal exploration and exploitation permits. They also created a geothermal registry to record geothermal exploration and exploitation permits. 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