Geothermal news briefs from around the Americas.
*Canada: CanGEA Raises $ for Policy Advisor
*Chile and Peru: EDC Acquires Hot Rock Shares
*Costa Rica: JICA Funds 3 New Projects
*Nevis: Construction in January
This week the Canadian Geothermal Energy Association (CanGEA) announced its crowdfunding campaign via IndieGoGo raised over C$50,000, and the group now has sufficient funding for a full-time policy advisor.
Elsewhere in the Americas, plans are moving forward for Energy Development Corporation (EDC) to acquire its partner Hot Rock Holding Ltd.’s share of geothermal concessions in Chile and Peru.
Costa Rica is looking to develop geothermal energy in the province of Guanacaste thanks to a $560 million loan over the next 40 years from the Japanese International Cooperation Agency (JICA). The three new geothermal projects (Pailas II and Borinquen I and II) would be located near the Rincón de la Vieja Volcano, but outside the associated National Park. Costa Rica has a goal to generate 95% of its electricity with renewable resources.
And this week Nevis Renewable Energy International (NREI) was announced as the developer of the Nevis geothermal energy project. Lands are leased from the Nevis Island Administration and construction will begin in January.