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Geothermal

  • Geothermal Plant

    Geothermal Development Facility issues third call for funding applications

    November 20, 2018

    A call for applications for funding of geothermal projects in Latin America has been issued by the Geothermal Development Facility for Latin America. This third call for applications is for developers with geothermal projects, and will provide funding for surface studies or confirmation drilling. Eligible projects must be in one the following countries: Bolivia, Colombia, […]

  • Jamaica - hot air or steam?

    Developer presents geothermal project proposal in Argentina

    November 19, 2018

    Geotermia Andina’s President, Giorgio Stangalino, recently met with Sergio Uñac, the Governor of San Juan, and other stakeholders to discuss his company’s proposal for geothermal projects in this region of the Argentinian Andes, which is thought to have a high potential for geothermal development.  The San Juan region borders Chile, and includes the Valle del Cura […]

  • Geothermal power plant

    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 […]

  • Blue Lagoon Iceland, Grindavík, Iceland

    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 […]

  • Geothermal Plant

    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 […]

  • Blue Lagoon Iceland, Grindavík, Iceland

    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 Webinar

    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 […]

  • Geothermal Plant

    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 […]

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