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Geothermal power & our energy challenge The Latin America and Caribbean Region has great geothermal potential, estimated up to 70GW according to the Geothermal Development Association. Practically every country on the Pacific coastline from Mexico to Chile has sufficient resource potential to develop high temperature geothermal projects. Although Mexico is the fourth largest producer of geothermal electricity worldwide and Central America covers an impressive amount of its electricity requirements though geothermal plants (up to 24% in El Salvador), the potential of the region is vastly under-exploited. The 70GW estimated potential capacity alone could replace more than 21% of the current installed capacity in the Latin America and the Caribbean. No country in South America has developed any geothermal power and in the Caribbean only the French island of Guadalupe shows a gross installed capacity of 15MW. The good news is, this is changing: over a dozen countries in the Latin America and Caribbean region are actively pursuing the development of new geothermal power plants in order to further reduce their dependency on fossil fuels and to shield their economies from fuel price volatility.PDF Image | Promoting Geothermal Development
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