Geothermal - Page 23 of 41 - New Energy Events

Costa Rica to invest $500m in clean energy
June 25, 2018
Costa Rica has signed a credit line with the Inter-American Development Bank (IDB) for US$500 million to drive clean energy development in the electricity and transportation sectors. Costa Rican President, Carlos Alvarado, has prioritized decarbonization for the electric sector, and wants to lead in the transportation sector, as well. “A nation that produces 99% of […]
Webinar: A new era of investment in LAC geothermal?

From our Editorial Team
June 13, 2018
To set the stage for the 5th Geothermal Congress for Latin America & the Caribbean (GEOLAC) on JULY 17-18 in Mexico City, New Energy Events and ThinkGeoEnergy are exploring the big trends in the regional and global geothermal markets and what those trends mean for the development of projects across the region. The webinar “A new era of […]
St. Vincent geothermal project to commence drilling operations in 2019
June 6, 2018
After renegotiating the power purchase agreement, St. Vincent and the Grenadines has reset the clock for its geothermal project. The commercial operation date is now set for around June 2021, with drilling anticipated to commence in January 2019. “The issue, Mr. Speaker, why we have to push it further is because we took so long […]
Costa Rica to receive $500m loan for Borinquen geothermal project
May 24, 2018
In mid-May the Legislative Assembly of Costa Rica approved a piece of legislation authorizing an agreement of a line of credit for $ 500 million to the Costa Rican Electricity Institute (ICE) from the Inter-American Development Bank (IDB) ). The line of credit provides ICE with money to finance geothermal energy programs. It also includes resources […]
Announcing GEOLAC Project Awards
May 21, 2018
New Energy Events, the organizers of the Geothermal Congress for Latin America and the Caribbean (GEOLAC), are pleased to announce a collaboration with ThinkGeoEnergy to recognize excellence in the development of geothermal across the region over a five year period. Geothermal industry awards will be made across the following categories: Best Project, Best Financing Program, […]
Five trends driving the LAC geothermal market

From our Editorial Team
May 10, 2018
The LAC geothermal market is heating up — but it’s a slow burn. With only one operating plant each in the Caribbean and South America, and a handful in Central America and Mexico, this region of the world still holds enormous, largely untapped potential for geothermal market growth. Financing, policy, and resource risk continue, however, […]
El Salvador could triple geothermal capacity
May 10, 2018
El Salvador has the potential to produce 440 megawatts (MW) in addition to the 204 MW already obtained through geothermal energy, said yesterday the energy specialist of the Inter-American Development Bank (IDB), Toshitaka Takeuchi. The one thing most needed is more investment in training. Although the country is considered the leader in Latin America in terms […]
Honduras inaugurates first utility-scale geothermal project
May 2, 2018
Honduran President Juan Orlando Hernández and U.S. Overseas Private Investment Corporation (OPIC) Vice President for Investment Policy Ryan Brennan inaugurated Geotérmica Platanares, a 35 megawatt geothermal baseload power plant in western Honduras. The project is supported by $135 million of financing from OPIC, the U.S. Government’s development finance institution, and developed by Reno, Nevada-based Ormat […]
Costa Rica’s 7th geothermal plant is 80% complete
April 26, 2018
In Costa Rica’s Guanacaste province, the construction of the Las Pailas II Geothermal Project is 80% complete. The installation of the Mitsubishi Hitachi turbine is exceeding the established schedule, keeping the progress swift, with preliminary tests to begin in October. Elsewhere on the project site, much has already been completed, including transmission, reinjection systems, drilled […]