Geothermal - Page 25 of 41 - New Energy Events

Teranov receives geothermal licenses for Saba and St. Eustatius
January 31, 2018
Preliminary surface investigations have already begun on Saba and St. Eustatius following the issuing of geothermal exploratory licenses to French developer, Teranov. These permits, exclusive to Teranov, authorize the developer to explore the geothermal resource over three years to qualify the resource for further development. Teranov will also have priority rights to develop the resource. […]
Ormat acquires Guatemala’s El Ceibillo geothermal project
January 29, 2018
U.S. Geothermal will be acquired by Ormat Technologies Inc., with the transaction expected to be finalized in Q2 2018. U.S. Geothermal has operating geothermal plants in the Western United States, and projects in the development phase in the same region, as well as the El Ceibillo project located near Guatemala City, Guatemala. This latest acquisition […]
Monserrat to resume geothermal drilling in February
January 24, 2018
After an internal mud collapse stalled drilling of the third geothermal well for several months, Monserrat officials expect drilling to resume within no more than a few weeks. Monserrat plans to use geothermal as a primary baseload resource for the island, with solar PV to achieve 100% renewable energy by 2020. Diesel generators will be […]
EU provides 12m EUR to support Caribbean geothermal development
November 27, 2017
The EU will contribute 12m EUR to the Geothermal Risk Mitigation Programme for the Eastern Caribbean. Through this program, five countries are eligible to receive assistance for development of geothermal energy up to 60 MW, including: Dominica, Grenada, St. Kitts and Nevis, Saint Lucia, and St. Vincent and the Grenadines. The €12 million in grant funding […]
Nevis geothermal project progress: Drilling rig arrives on island
November 8, 2017
Equipment for the first phase of the geothermal development project on Nevis, began arriving on the island following shipping delays due to the recent passage of Hurricanes Irma and Maria, pushing the start-up dates from October to mid-November. Mr. Mc Levon “Makie” Tross, Local Representative for the geothermal developers Nevis Renewable Energy International (NREI), told […]
Guatemala’s El Ceibillo geothermal project receives $3.4 million from GDF fund
November 2, 2017
The Guatemalan El Ceibillo geothermal project is a recipient of a $3.42 (EUR2.91) million grant from the German Development Facility (GDF) for Latin America for further development drilling. The grant represents an approximate 40% cost share for drilling up to three production wells, with a total estimated program cost of $8.81 (EUR7.486) million. If the […]
Caribbean Development Bank receives EU funds to bolster geothermal industry
October 25, 2017
The Caribbean geothermal market has received an injection of EUR 12 million (14.1 million USD) from the European Union Caribbean Investment Facility (EU-CIF) to support geothermal exploration in the Eastern Caribbean. The EU-CIF will provide the EUR 12 million in grant funding to the Caribbean Development Bank via the GeoSmart Initiative. The GeoSmart Initiative was developed […]
St. Kitts geothermal project to accelerate with French government support
October 11, 2017
It seems the St. Kitts geothermal project, recently identified as having a potential for 18-36 MW, will be put on the fast track to development. In a bilateral meeting with St. Kitts officials, the French Ambassador to St. Kitts and Nevis, Phillipe Ardanaz said: “[Hurricane] Irma has triggered some decision in Paris to move forward […]
Geothermal fund announces first round of grant awards
October 9, 2017
In a release yesterday, the Geothermal Development Fund for Latin America (GDF) announced the grant awards for the first call of proposals. The results are: 4 Confirmation Drilling grants have been approved for: Colombia, Guatemala, and Honduras. 4 Surface Studies grants have been approved for: Bolivia, Chile, Ecuador, and Guatemala. These awards total an approximate […]