Geothermal - Page 38 of 42 - New Energy Events

Geothermal is the key to lower electricity prices in the Caribbean, says CDB
January 23, 2016
In a recent interview, Warren Smith, President of the Caribbean Development Bank and CREF Speaker, said that “geothermal is the key to cheaper electricity” in the Caribbean. Caribbean islands have great geothermal potential that could help islands to transition away from dependency on foreign oil and volatile pricing, while developing a reliable and clean energy source. […]
Nicaragua: Moderately Productive Well Drilled at San Jacinto Geothermal Site
January 4, 2016
Polaris Infrastructure recently drilled the first of three new production wells at the San Jacinto geothermal project site in Nicaragua. Polaris reports that measurements for temperatures indicate that the well will be moderately productive, although real results will be available after a 30 – 60 day heating-up period.
Geothermal development in Dominica delayed
December 18, 2015
The geothermal project in Dominica has been pushed-back but not abandoned, said Hon Minister for Energy, Ian Douglas, in a statement explaining that the government’s priority has shifted to find housing for those displaced by Tropical Storm Erika. The Minister assured that the storm has not in any way affected the project’s infrastructure and is […]
36 countries launch Global Geothermal Alliance
December 12, 2015
The Global Geothermal Alliance (GGA), launched on the sidelines of the UN climate talks in Le Bourget, with the aim of facilitating a sixfold increase in geothermal electricity production and a tripling geothermal-derived heating by 2030. At present, geothermal is growing modestly, at three to four percent per year, providing 12 gigawatts of electricity annually. […]
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 […]