Caribbean And Central America Will Lead The Change Of Geothermal Energy In 2023

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Date: January 17

This year will see a great effort to take advantage of steam, especially in a region experiencing the effects of climate change, according to data from market analyst BNAmericas, cited by Caribbean News Now.

Guadalupe is home to the first geothermal power plant, Bouillante, which produces 15 Mega Watts (MW) on an industrial scale, which represents five percent of the area’s electricity, the text highlighted.

His example is followed by several nearby islands, with the help of large financial organizations in this type of field, such as Saint Kitts and Nevis, for whose project the Caribbean Development Bank allocated US$17 million.

The World Bank, for its part, announced its collaboration last November with the United Kingdom’s Foreign, Commonwealth and Development Office, Canada’s Climate and Forest and Clean Energy Fund, and the Climate Investment Fund. to study the feasibility of geothermal energy in Saint Lucia.

In Dominica, his development company dedicated to this production is advancing on a seven MW project that, according to reports, is progressing faster than expected, “with the contracting underway to carry out the social and environmental evaluation of the transmission lines and the substations.

The national authorities are confident that “the commissioning of this facility will mean significant relief not only in the generation of clean and green energy, but will also add to the efforts to improve the country’s socioeconomic levels,” revealed BNAmerica.

They lead the current geothermal capacity in Central America, Costa Rica (263 MW), El Salvador (178 MW), Nicaragua (153 MW), Guatemala (34 MW) and Honduras (30 MW),” said the recent report.

Geothermal energy is a renewable energy that has been used for thousands of years in some territories for cooking and heating, it is simply that derived from the internal heat of the Earth.

Contained in the rock and fluids beneath the Earth’s crust, it can be found both in the shallow soil and several kilometers below the surface, and even further down to extremely hot molten rock called magma.

This type of energy is the great unknown among the group of renewables, which is why it is often ignored, although it already existed and was known since ancient times, a text remarked a few years ago.

Source: Peru Energy 2022

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