New project wins the approval of country’s lawmakers and attracts the interest of investors A new geothermal energy project has been approved in Costa Rica. The country’s Legislative Assembly approved the project late last week and this approval has opened the way for new funding to reach the project and be put to use. The Japanese International Cooperation Agency and the European Investment Bank are two potential investment sources for the project. The Japanese agency is expected to invest some $540 million into the project with the European Investment Bank providing $70 million.
Geothermal power continues to gain momentum throughout Cost Rica
Geothermal energy is gaining more attention in countries where geological activity is relatively common, such as Costa Rica. These countries have access to geothermal power that could be used to satisfy their energy needs, but much of this power remains untapped due to a variety of reasons, including politics and concerns regarding the environment. The project aims to solve this problem, to some extent, but giving Costa Rica access to its geothermal resources. Read More....
