St. Lucia A Hotbed for Geothermal Energy

New company to the geothermal market, Qualibou Energy Inc put out a press release that announced its plans to develop as much as 170 MW of geothermal energy on St. Lucia in the Caribbean.

In the release, the company’s CEO Stephen Baker said that there are 30 MW of proven reserves on the island and it’s probable that there are an additional 140 MW.

Qualibou Energy is the result of the reverse acquisition of UNEC Holdings, Inc.

Baker said production-drilling plans are underway and will be announced soon. 

According to the company press release St Lucia has extensive geothermal resources because it is part of a volcanic arc known as the Lesser Antilles. 

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