Geothermal

Ormat to Acquire Geothermal Power Plant in Guadeloupe

December 9, 2015

Ormat announced today it has signed a binding Memorandum of Understanding to acquire, gradually, 85% of Geothermie Bouillante SA (GB) at a total company enterprise value of up to around €52 million. GB owns and operates a 14.75 MW geothermal power plant and owns two exploration licenses with a total additional potential capacity of up to […]

Iceland: Geothermal Energy Has Saved Massive Amount of CO2 Emissions

December 5, 2015

The national energy agency of Iceland, Orkustofnun, has evaluated CO2 savings by using geothermal instead of oil from 1914 through 2014. The accumulated savings are 140 million tons by utilizing geothermal instead of using oil for heating and production of electricity; last year the annual savings amounted to 7.5 million tons of CO2, 57% for […]

PPA for 9MW of geothermal power in Nevis

December 1, 2015

On Wednesday, the Nevis Island Administrations, the Nevis Electric Company and Nevis Renewable Energy International signed a PPA for the development of geothermal on the island. Geothermal power in Nevis could make the island the first to be powered exclusively by renewable energy. The first phrase of the project will supply the island with 9 […]

Geothermal exploration begins in St. Kitts

November 13, 2015

Earlier last month, a memorandum of understanding (MOU) was signed by the government of St. Kitts and Teranov, a French engineering and services company for new and renewable energy based in Guadeloupe, to begin geothermal exploration on the island of St. Kitts. The agreement includes a roadmap that paves the way for the production of […]

Geothermal Potential in Montserrat

November 9, 2015

Multi-million dollar tests carried out by Icelandic experts on the island of Montserrat indicate promising potential to generate power using geothermal energy. Montserrat currently has the highest rates in the Caribbean with residential customers paying $0.50 per kilowatt-hour for electricity, compared to the regional average of $0.33. In 2013 the UK Department for International Development […]

Public info event on geothermal projects in Monserrat

November 3, 2015

As part of the initial stage development regarding the potential for a geothermal well, the Montserrat government will hold a public information meeting on Thursday November 5th. The meeting will convene to provide details on the process of undertaking an Environmental Impact Assessment (EIA) and a team of consultants, led by Dr. Erwin Edwards of […]

Geothermal Resources are Tremendous, Says Caribbean Roadmap Report

November 2, 2015

According to World Watch Institute’s newly released Caribbean Sustainable Energy Roadmap and Strategy (C-SERMS) Baseline Assessment and Report, most CARICOM member states possess untapped geothermal resources, which could dramatically change the region by making member states renewable energy exporters. The report assesses the regional energy situation and makes suggestions for renewable energy, energy efficiency, and […]

Bolivia: Laguna Colorada geothermal project moves forward with help from Nicaragua

November 2, 2015

Bolivia’s Laguna Colorada geothermal project will get assistance from Nicaragua to install an initial 50 MW plant by 2019. According to Ernesto Martinez, CEO of Nicaraguan power company Empresa Nicaraguense de Electricidad (ENEL), Nicaragua is ready to share 32 years of experience in geothermal energy development with the South American state. At a recent meeting […]

Nicaragua: Production Testing at San Jacinto Geothermal Project to Start in January

October 26, 2015

The San Jacinto Geothermal Project in Nicaragua will move forward late this year. Polaris Infrastructure Inc., a Toronto-based company engaged in the operation, acquisition and development of renewable energy projects in Latin America anticipates drilling for the first of these three wells at the San Jacinto Geothermal Project in Nicaragua to be complete in early […]