Leaders, specialists, and international organizations gathered during GEOLAC 2026, the leading meeting point for the geothermal market in Latin America and the Caribbean, co-organized by the World Bank and ESMAP. The event brought together more than 250 professionals from the sector with the aim of promoting the development and bankability of geothermal projects in the region.
Within this framework, Gastón Siroit, Technical Advisor at the Latin American and Caribbean Energy Organization (OLACDE), participated in the panel “How do we unlock Early Stage Finance for LAC Geothermal? The Path to Bankability”, where he underscored the importance of strengthening regional coordination and providing direct support to countries to advance geothermal financing at early stages.
During his intervention, he highlighted that OLACDE supports national decision-making through formal annual requests, promoting regional working groups that take an integrated approach to financing, knowledge generation, and technical exchange among countries.
He also emphasized that the Organization maintains a technologically neutral position and an approach focused on a just energy transition, highlighting the strategic role of geothermal energy as a firm power source for electricity systems. In this context, he stressed the need to explore multiple storage solutions beyond batteries, as part of a comprehensive approach to strengthening the reliability and resilience of energy systems.
Finally, he invited countries and sector stakeholders to strengthen regional cooperation, support one another, and replicate successful experiences in order to expand investment opportunities, accelerate the development of geothermal projects, and consolidate the contribution of this technology to the energy transition process in Latin America and the Caribbean.
