Latin American Geothermal Investments Set to Surge

Latin America boasts abundant geothermal energy resources, offering a promising avenue for clean energy production, decarbonization of industrial processes and bolstering energy security. Despite these favorable conditions, only a fraction of its potential has been harnessed, with a mere 2 gigawatts electrical GWe currently utilized out of a total potential of 33 GWe.

CFE has spearheaded geothermal development, overseeing impressive installations like Cerro Prieto at 570 MWe and Los Azufres at 240 MWe. Collectively, they contribute massively to Mexico’s total capacity of 1 GWe. Costa Rica follows distantly, with a collective 320 MWe. Here, Grupo ICE plays a key role in advancing geothermal projects like Las Pailas at 90 MWe and Miravalles at 185 MWe.

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