Geothermal - Page 3 of 37 - New Energy Events

El Salvador to issue bitcoin bonds through geothermal company, LaGeo
March 29, 2022
El Salvador will use LaGeo, the state-owned geothermal company, to issue bitcoin bonds. The plan foresees the bonds to go to the market between May and July. Source: Think Geo Energy
El Salvador will expand its installed geothermal power energy generation to 300 MW
March 15, 2022
El Salvador will expand its installed geothermal power energy generation from 204 MW to 300 MW with the construction of new plants in Chinameca, San Vicente and Volcán de Conchagua. Source: Think Geo Energy
5 MW geothermal pilot plant in Bolivia will be in operation by April
February 26, 2022
Sacyr and Ormat Technologies announced that the 5 MW geothermal pilot project for the 100 MW Laguna Colorada geothermal plant in Bolivia will be in operation by April. The plant is 4970 meters above sea level, the highest altitude of any geothermal plant. Source: Think Geo Energy
Polaris Infrastructure secures USD 110 million debt refinancing
February 26, 2022
Polaris Infrastructure Inc. secured $110 million in a refinancing package which aligns with its newly extended PPA in Nicaragua to 2039. Source: Think Geo Energy
Dominica signs USD 12 million deal with Iceland Drilling Company for two new geothermal wells
February 26, 2022
Dominica signed a $12.5 million contract with the Iceland Drilling Company to drill two new geothermal wells in the country. The majority of funding comes from UK grants. Source: Think Geo Energy
Quaise Energy Raises USD 63 Million For New Geothermal Drilling Technology
February 11, 2022
The geothermal start-up Quaise Energy has raised $63 million to deploy a new drilling technology to unleash the earth’s hardest-to-reach heat resources. Safar Partners, Prelude Ventures, the Engine, and other investors provided $40 million. The U.S. Department of Energy’s Advanced Research Projects Agency-Energy (ARPA-E) provided a grant of $5 million. Source: Canary Media
Dominica Discusses Energy Supply Agreements with Martinique
February 9, 2022
The Dominica Geothermal Development Company is finalizing the construction of a geothermal plant that will provide baseload power to the island. Meanwhile, the Government of Dominica discusses supplying geothermal energy to Martinique at what is described as a competitive price. Source: Think Geo Energy
Colombia’s Ministry of Mines and Energy Proposes Governing Requirements for Exploration of Geothermal Resources
January 28, 2022
Colombia’s Ministry of Mines and Energy published draft guidelines governing the exploration, exploitation, and registration of geothermal resources. Source: Ministry of Mines & Energy, Colombia (In Spanish)
Kenesjay Green Ltd & CREAD Launch the Green Hydrogen Country Assessment for Dominica
January 28, 2022
Kenesjay Green Ltd (KGL), a Trinidad-based company, completing a Green Hydrogen Country Assessment for Dominica. Working alongside the Climate Resilience Execution Agency for Dominica (CREAD), the assessment will help create a plan to utilize Dominica’s geothermal resources and build long-term resilience into the national economy. Source: Fuel Cell Works