Geothermal - New Energy Events

Mexico to invest US$51.5 million in drilling new geothermal wells in Baja California
June 26, 2025
Mexico’s Ministry of Energy (Sener) will drill four geothermal wells in Baja California and Baja California Sur, investing US$51.5 million through the Geothermal Financing and Risk Transfer Program to reduce exploration risk. The program is managed through a collaborative initiative led by the Inter-American Development Bank (IDB) in partnership with Sener, NAFIN, the Clean Technology […]
El Salvador advances 25 MW Chinameca geothermal project with World Bank-backed loan
June 13, 2025
El Salvador has secured a sovereign guarantee for a World Bank loan to finance a 25 MW geothermal power plant in Chinameca, led by state utility CEL. The project, located on the Chinameca Volcano in San Miguel, includes drilling wells, building a steam collection system, and connecting the plant to the national grid. Source: ThinkGeoEnergy
Ecuador moves forward with Tufiño-Chiles-Cerro Negro geothermal project to generate 138 MW of clean energy
May 15, 2025
Ecuador’s Ministry of Energy and Mines is advancing the Tufiño-Chiles-Cerro Negro Binational Geothermal Project, located on the northern border with Colombia, to diversify the country’s energy mix. A letter of intent was signed on April 10 to begin the project’s implementation, which will harness the geothermal potential in Carchi province and generate up to 138 […]
Grenada advances geothermal energy project
May 15, 2025
The Government of Grenada is advancing its Geothermal Energy Development Project, now entering the exploration drilling phase. The project aims to generate up to 15 MW of clean, renewable baseload power, reducing the country’s reliance on imported fossil fuels while enhancing grid reliability. Source: Now Grenada
Grenada secures US$12.6 million from UK to advance geothermal energy development
April 10, 2025
Grenada will receive approximately US$12.6 million from the UK Government, through a partnership with the Caribbean Development Bank (CDB) and the Foreign, Commonwealth & Development Office (FCDO), to support expanded geothermal exploration drilling near Mount Saint Catherine. Source: ThinkGeoEnergy
World Bank approves US$150 million to expand geothermal energy in El Salvador
April 10, 2025
The World Bank has approved a US$150 million investment to boost geothermal energy in El Salvador, funding the drilling of wells and the construction of a 25-MW geothermal power plant in Chinameca. Implemented by state-owned LAGEO, the project also includes social and environmental initiatives to support local communities, create green jobs, and promote the direct […]
El Salvador expands geothermal capacity with new 7 MW Berlin Plant and Ahuachapan upgrades
March 13, 2025
El Salvador’s 7-MW Berlin binary geothermal power plant has been installed and is undergoing testing, with operations expected to begin later this year, according to Daniel Alvarez of DGEHM. Additionally, improvements at the Ahuachapan geothermal plant have increased its capacity by 2 MW, bringing the country’s total installed geothermal capacity to 204 MW. Managed by […]
Chile expands geothermal development with new exploration licenses for Transmark Chile SpA
February 6, 2025
Chile’s Ministry of Energy granted two geothermal exploration licenses to Transmark Chile SpA, expanding the country’s geothermal development. This decision reinforces Chile’s commitment to leveraging its geothermal potential along the Pacific Ring of Fire. Source: ThinGeoEnergy
Colombia introduces competitive framework to boost geothermal energy development
February 6, 2025
Colombia’s new framework will enhance geothermal energy development by implementing a competitive process for awarding exploration and exploitation permits. The new framework strengthens environmental protection, community engagement, and infrastructure access while ensuring economic viability and advancing drilling techniques. Source: ThinkGeoEnergy