Geothermal - Page 33 of 41 - New Energy Events

New geothermal legislation for Dominica
November 1, 2016
Dominica has passed a new piece of legislation: the Geothermal Resources Development Act. The Act includes a regulatory framework and establishes an advisory committee of no more than 6 people comprised of the Permanent Secretary for energy, the Executive Director of the IRC, the Chief Physical Planner, a senior state attorney, and senior technical public […]
Dominica will develop geothermal project alone
October 27, 2016
Dominica’s prime minister announced the government plans “to go it alone with regards to this small plant”, referring to the geothermal project which has been years in the making. New Energy Events has tracked the progress of the Dominica project, which as of May 2016 was seeking a private partner with $50m from the World […]
Funding of up to $80m approved geothermal development in the Caribbean
October 16, 2016
The Eastern Caribbean will receive US$80 million in funding for geothermal development, part of a US$745 million project approved by the Board of the Green Climate Fund. The Inter-American Development Bank (IDB) is cooperating on the $80 million package for the Sustainable Energy Facility of the Eastern Caribbean. The overall project aims to help countries […]
Caribbean: Green Climate Fund approves USD 80 million to develop 60 MW geothermal energy in eastern Caribbean
October 10, 2016
Geothermal energy presents a growing opportunity for the Eastern Caribbean to reduce its dependence on fossil fuel imports. Decreases in world oil prices have not been reflected in regional electricity prices in the Caribbean, which remain high at US$0.39 per kWh (2013 price). The Green Climate Fund (GCF) has thus approved US$745 million as part […]
OPIC Board approves $135m financing for Ormat geothermal project in Honduras
September 21, 2016
The Platanares geothermal project by Ormat Technologies in Western Honduras will receive financing of US$135 million from OPIC, as part of a US$1 billion commitment by the organization to fund new development projects. The Overseas Private Investment Corporation (OPIC) approved the investment for the development, construction, and operation of the 35 MW Platanares plant. As […]
St. Vincent moves forward with 10-15 MW geothermal project
September 20, 2016
The Energy Unit and the St. Vincent Geothermal Company will host two public meetings next week to discuss the ongoing geothermal energy project near the La Soufriere Volcano. As work continues on the 10 to 15 MW plant, the two agencies have decided to host sessions to inform the public of advancing plans. The first […]
Nevis Geothermal Developer Signs MOU with Antigua and Barbuda
September 15, 2016
Antigua and Barbuda signed a Memorandum of Understanding with Thermal Energy Partners (TEP) to develop a 10MW geothermal project. This is Thermal Energy Partners second MOU in the Caribbean, signaling the company’s further commitment to the region. Read more here: http://www.caribjournal.com/2016/09/03/antigua-barbuda-develop-geothermal-energy/#
Montserrat Geothermal Project to Commence Drilling on Third Well
September 13, 2016
The Icelandic Drilling Company, contracted by the UK’s Department for International Development (DFID), has offloaded their drilling equipment at the site of the third well in Monserrat and drilling will begin soon. It has taken longer than anticipated to prepare the site, as the terrain was rough, rocky and covered in layers of deposited ash. […]
Inter-American Development Bank to finance $103.4m renewable power project in Nicaragua
September 13, 2016
Nicaragua will get support from the Inter-American Development Bank (IDB) for geothermal projects in the Cosigüina field. Located in the northwestern part of the country, the site will facilitate studies to ascertain the technical feasibility of a commercial-width well. It will also be the location for product development of mechanisms used to attract private investment. […]