Geothermal - Page 20 of 41 - New Energy Events

World Bank report emphasises untapped potential of geothermal in LAC region
November 13, 2018
The World Bank has released a new report, ‘Opportunities and challenges for scaling-up geothermal development in LAC’ exploring the role and growth of geothermal power in Latin America and the Caribbean. The report aims to support decision-makers in the region and provide information to facilitate the expansion of geothermal development. The role of geothermal power […]
65MW geothermal project in Nicaragua is on track and close to its nameplate capacity
November 8, 2018
In its third quarter results, Polaris infrastructure highlighted the success of its geothermal project, the San Jacinto-Tizate Power Plant in Nicaragua. Polaris Infrastructure, a Toronto-based company, is engaged in the operation, acquisition and development of renewable energy projects in Latin America. The power plant saw a 14% revenue increase from last year, and generation of […]
EU-Mexico geothermal research project shows progress in recent update report
November 6, 2018
An extensive update on the GEMex project was recently published. The report shows positive progress, going into detail into the main results of the geothermal energy research initiative since 2016. The GEMex project is a cooperation initiative between Mexico and the European Union which aims to share research, on-the-ground knowledge and technical expertise on geothermal […]
OPIC will supply loan for Honduran 35MW geothermal power plant
November 2, 2018
The 35MW Platanares geothermal plant development in Honduras will move forward with financing from the Overseas Private Investment Corporation (OPIC). OPIC, the U.S. government’s development finance institution, will be the sole lender. Ormat Technologies Inc. announced its subsidiary had completed the financial closing of the project. “OPIC’s longstanding partnership with Ormat is helping bring needed […]
Geothermal project in Montserrat secures funding for next phase
November 1, 2018
The United Kingdom Department for International Development (DFID) will source the funding for specialist and technical expertise for the ongoing geothermal project on the British Overseas Territory of Montserrat. Montserrat, part of the Leeward Islands, is known for its volcanic activity, a resource it has turned to its advantage through the development of this geothermal […]
Geothermal projects in LAC region receive USD 15m for exploration and drilling support
October 25, 2018
The Geothermal Development Facility (GDF) for Latin America has awarded USD 15 million to support surface studies and exploratory drilling for seven geothermal projects in Chile, Peru, Nicaragua and Guatemala. It is expected that the funding will catalyse a further USD 1.84 billion in future investment into geothermal development in the Latin American region. The […]
New credit line to support renewable energy projects in Brazil
October 24, 2018
The Japan Bank for International Cooperation (JBIC) has signed a loan agreement with BNDES, Brazilian Development Bank, to set up a credit line totalling up to USD 1 billion for environment-related project focusing on clean energy in Brazil. The financing, which establishes the fifth credit line from JBIC to BNDES, is part of JBIC’s renewable […]
Two bids handed in for geothermal project in Bolivia
October 23, 2018
Two bids have been received for the initial 5 MW development of the planned 100MW geothermal power plant at Bolivia’s Laguna Colorada. These bids are from two international consortia, Italian Exergy in cooperation with French EPC contractor Clemessy, and Spanish construction group Sacyr with Ormat Technologies. The geothermal project will generate electricity and be connected […]
PPA and new shareholder agreement for St. Vincent geothermal project
October 23, 2018
Prime Minister Dr. Ralph Gonsalves announced that the Power Purchase Agreement (PPA) for St. Vincent’s geothermal project will be signed shortly. The agreement is between St. Vincent Electricity Services Limited, and Emera Inc. and Reykjavik Geothermal. An adapted shareholders agreement will also be signed, by which the government’s shareholding will increase to 49%, with 51% […]