Tajogaite Energía and INVOLCAN Join Forces to Explore La Palma’s Geothermal Potential Tajogaite Energía S.L. has taken a significant step toward assessing the geothermal potential of La Palma by formalising an agreement with the Canary Islands Volcanological Institute (INVOLCAN). The agreement covers surface geothermal exploration and research across 19 mining grids awarded to the company by the Government of the Canary Islands, with a total value of €387,698.50. The initiative does not yet mean that a geothermal power plant will be built or that deep drilling will begin immediately. Instead, it represents an essential early phase: using advanced scientific methods to understand what lies beneath the island’s surface and identify the areas with the greatest potential for future geothermal development. A Strategic Agreement for Canary Islands Energy The collaboration between Tajogaite Energía S.L. and INVOLCAN forms part of the public tender process launched by the Canary Islands Govern...
Ormat's Groundbreaking Geothermal Project in Dominica Signals a Green Revolution in the Caribbean In a bold move to combat climate change, Ormat, a leading renewable energy company, is joining forces with the Government of Dominica to spearhead an ambitious initiative. This groundbreaking project, announced as the world converges at COP28 in the UAE, aims to develop a cutting-edge 10MW binary geothermal power plant in the Caribbean County of Dominica. The move marks a substantial leap forward in the nation's commitment to transition away from fossil fuels and embrace sustainable energy alternatives. At COP28, where global leaders are setting ambitious goals to address the urgent climate crisis, Ormat's collaboration with the Dominican government is a shining example of private and public sectors working hand in hand for a sustainable future. The commitment to developing a state-of-the-art geothermal power plant underscores the shared vision of both parties to reduce carbon ...