Geothermal - New Energy Events

Government of Colombia prepares to issue regulations that will take advantage of geothermal resources in the country
May 18, 2022
The Government of Colombia released a roadmap designed to advance the country’s energy transition. It includes the issuance of regulations to stimulate the development of energy generation projects and take advantage of the geothermal resources in the country. Source: ThinkGeoEnergy
St. Vincents & Grenadines discusses the revival of the island’s geothermal project with Eavor Technologies
May 18, 2022
The Government of St. Vincent and the Grenadines is in discussions with Canada’s Eavor Technologies about the revival of the island’s geothermal power project. The project could commence in 2024 with the possibility of 10 MW of geothermal power generation. Source: ThinkGeoEnergy
El Salvador to issue bitcoin bonds through geothermal company, LaGeo
March 29, 2022
El Salvador will use LaGeo, the state-owned geothermal company, to issue bitcoin bonds. The plan foresees the bonds to go to the market between May and July. Source: Think Geo Energy
El Salvador will expand its installed geothermal power energy generation to 300 MW
March 15, 2022
El Salvador will expand its installed geothermal power energy generation from 204 MW to 300 MW with the construction of new plants in Chinameca, San Vicente and Volcán de Conchagua. Source: Think Geo Energy
5 MW geothermal pilot plant in Bolivia will be in operation by April
February 26, 2022
Sacyr and Ormat Technologies announced that the 5 MW geothermal pilot project for the 100 MW Laguna Colorada geothermal plant in Bolivia will be in operation by April. The plant is 4970 meters above sea level, the highest altitude of any geothermal plant. Source: Think Geo Energy
Polaris Infrastructure secures USD 110 million debt refinancing
February 26, 2022
Polaris Infrastructure Inc. secured $110 million in a refinancing package which aligns with its newly extended PPA in Nicaragua to 2039. Source: Think Geo Energy
Dominica signs USD 12 million deal with Iceland Drilling Company for two new geothermal wells
February 26, 2022
Dominica signed a $12.5 million contract with the Iceland Drilling Company to drill two new geothermal wells in the country. The majority of funding comes from UK grants. Source: Think Geo Energy
Quaise Energy Raises USD 63 Million For New Geothermal Drilling Technology
February 11, 2022
The geothermal start-up Quaise Energy has raised $63 million to deploy a new drilling technology to unleash the earth’s hardest-to-reach heat resources. Safar Partners, Prelude Ventures, the Engine, and other investors provided $40 million. The U.S. Department of Energy’s Advanced Research Projects Agency-Energy (ARPA-E) provided a grant of $5 million. Source: Canary Media
Dominica Discusses Energy Supply Agreements with Martinique
February 9, 2022
The Dominica Geothermal Development Company is finalizing the construction of a geothermal plant that will provide baseload power to the island. Meanwhile, the Government of Dominica discusses supplying geothermal energy to Martinique at what is described as a competitive price. Source: Think Geo Energy