Study to explore closed-loop option for St. Vincent geothermal project
Eavor Technologies to conduct feasibility study for setting up its closed-loop technology for the halted geothermal project in St. Vincent and the Grenadines.
As part of a political debate, news emerge of plans to revive a halted geothermal project in St. Vincent & the Grenadines in the Caribbean.
The geothermal project in this Caribbean island state was halted in 2019, after insufficient permeability made it unfeasible to continue with development, and the potential to use a closed-loop development approach by Canadian Eavor Technologies was considered.
During a session last week, Minister of Finance, Camillo Gonsalves, said that this government proposed to “continue attempts to turn setbacks into advances, as we seek to sustainably utilise the tremendous geothermal resources of La Soufriere”, so iWitness News.
According to the news, the government has entered into a joint project development agreement with Canadian Eavor Technologies, on the application of its closed-loop geothermal energy extraction system that could be an option to revive the geothermal project.
It is expected that Eavor will know more around the middle of 2022, if the La Soufriere site is feasibility for its technology.
The government is hopeful that the study will bring positive results, helping the island state to have stable, affordable, green and baseload power.
Note: We replaced the originally placed picture as its showed the La Soufriere mountain/ volcano in St. Lucia and not St. Vincent … thanks for the note Adam R. Goss via LinkedIn