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Latin America and the Caribbean Eischeid with Sergio Adolfo Montoya Mejia of Colombia and Francisco Montalvo Lopez of El Salvador field questions from the audience. and developmental results across a wide range of activities, including the diversification of energy sources through the development of renewable energy sources. Furthermore, USTDA maintains an active portfolio in the renewable energy sector in the Latin America and Caribbean region. “Today’s trade mission is part of our regional renewable energy mission called the Clean Energy Exchange Program for the Americas – a series of six orientation meetings – for solar, wind, mini- hydroelectric, geothermal, waste-to-energy and renewable energy policy,” said meeting host Keith Eischeid, USTDA’s Country Manager for Latin America and the Caribbean to meeting attendees. According to Eischeid, the goal of USTDA’s program is to familiarize leading Latin American and Caribbean energy sector officials and project sponsors with US clean energy technologies, and there are many ways to foster productive and prospective interaction. “We plan events like today which are reverse trade missions,” he said. “We bring delegates from other countries to the United States to meet with US companies through business briefings and one-on-one discussions. We also have them visit infrastructure sites, such as the Steamboat facility in Reno and The Geysers.” Aside from the arranged tours and business briefings, USTDA also funds key research and technical support. “Funding feasibility studies and technical assistance for renewable energy projects is the bread and butter of USTDA, which is absolutely critical to the development of projects including and especially geothermal,” said Eischeid who cited a recent $600,000 feasibility study to identify potential geothermal sites in Colombia. Naturally, US company representatives were curious about the possibilities. According to Jim Lovekin of GeothermEx, a Schlumberger company, the forum is a great opportunity to stay current on developments in Latin America and the Caribbean. He views these reverse exchanges as positive for the geothermal industry. “It’s an opportunity for the US geothermal industry to do what they do best – show their skills and expand their markets,” said Lovekin. While Lovekin was impressed with the various presentations, he also expressed the need to be patient. “Obviously in Central and Latin America, there is quite a bit of untapped potential in these countries. The markets are evolving. The legislative frameworks are evolving. Nothing happens quickly, but you just have to keep informed and stay in the loop.” Lou Capuano, Jr. of ThermaSource echoed Lovekin’s sentiments, but lamented the slow pace of progress. “ThermaSource drilled the first exploration well in Nevis three years ago and it’s still sitting there – nothing is happening because the developer is struggling to come up with financing,” he said. Capuano also cited Chile as an example of a country with rich geothermal resources, but it is taking a long time to process their exploration and exploitation permits. Obstacles and challenges aside, Capuano enjoyed listening to the respective representatives discuss their geothermal resources Ernie Stapleton, representing St. Kitts-Nevis, outlines opportunities for US suppliers. march /april 2011 21PDF Image | Caribbean Geothermal Relations
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