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EIB financing for Caribbean geothermal energy

Thursday 02 February 2012

The European Investment Bank will provide a €1.1 million grant to enhance detailed planning and study the feasibility of exporting electricity generated by geothermal energy from Dominica to the neighbouring islands of Martinique and Guadeloupe. Electricity generation using geothermal energy uses water heated to a high temperature using geothermal resources available near the surface. The EIB’s support will evaluate a possible Northern submarine interconnection from Dominica to Guadeloupe and a second link to Martinique in the South. Once the feasibility of cross-border interconnections is determined, subsequent studies will define the characteristics of the sub-sea cables and assess the environmental impact of the planned interconnection.



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