Geothermal - Page 26 of 41 - New Energy Events

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 […]
First geothermal plant in Honduras begins commercial operation
September 28, 2017
Honduras joins its neighbors as a geothermal producing country: just this week Ormat Technologies announced its 35 MW Platanares geothermal project has commenced commercial operation. Platanares will sell power under a 30 year PPA with national utility, ENEE, and is expected to generate yearly revenues of $33million on average. Ormat has a Build, Operate, and […]
Guatemala’s El Ceibillo geothermal project awarded grant
September 28, 2017
U.S. Geothermal Guatemala S.A., a wholly owned subsidiary of U.S. Geothermal, Inc., has been awarded a $825,319 grant from the U. S. Trade and Development Agency (USTDA, https://www.ustda.gov/). The grant provides funding for a feasibility study on the El Ceibillo Geothermal Power Plant Project, which will be led by POWER Engineers, Incorporated, headquartered in Hailey, Idaho. […]
Nevis geothermal project to begin drilling phase in early October
September 26, 2017
Nevis Renewable Energy International (NREI) geothermal developers are preparing for the commencement of the project’s first phase. In a Sept 12th interview, local NREI representative – McLevon “Mackie” Tross, said the drilling phase will begin in the first week of October, with production well drilling planned for early 2018. “We expect the equipment to be arriving […]
Drilling rig soon to arrive at Nevis geothermal project
September 12, 2017
With limited news over the past few months, the developer of the geothermal project on Nevis in the Caribbean has now announced that it was able to clear the site for the drilling rig a mere four days prior to the arrival of Hurricane Irma. With the completion of the preparation, the Nevis Geothermal project […]
Geothermal leaders meet in Central America to explore increased geothermal capacity
August 23, 2017
Central American countries are world leaders in terms of installed geothermal energy, but have the potential for 20 times current installed capacity. This geothermal potential could serve as a key tool to low-carbon economic development, according to the International Renewable Energy Agency (IRENA), if regional governments can adopt the policy and regulatory frameworks necessary to […]