Two years ago I wrote about the moves that the Caribbean island nation of St. Lucia was in talks with Qualibou Energy to launch a geothermal power project. Not much news about the initiative has been made in the past year and a half, but St. Lucia is still determined to harvest its vast potential resource of clean energy. Now a firm in South Korea could be interested in investing in a similar project.

Geothermal energy has long been touted as a potential game changer for the Caribbean Islands’ energy needs, but so far the quest for energy independence in this region is one that is largely on hold. The island of Dominica is exploring the possibility of achieving a carbon negative economy by 2020, and geothermal energy is also part of that small nation’s overall plan. But so far a geothermal plant is described by more “hopes” and “could have” instead of concrete definite plans.

Enter Korea East West Power, a subsidiary of KEPCO (Korea Electric Power Corporation), which is interested in such a geothermal project in St. Lucia. Foreign Minister Alva Baptiste recently gave a presentation about St. Lucia's goals during his recent visit to Korea, but no agreement or MOU has yet been signed.

For the Caribbean, clean energy would help give these small and volatile economies a lift. The vast majority of energy, of course, is imported, and most of it is dirty diesel fuel. Electricity is an expensive proposition in these economies, and is too pricy for most citizens in this region who are already struggling as they try to make ends meet. The key, however, is massive sums of investment. The promise of geothermal is still clouded by too many questions marks and not enough action.

Photo courtesy Wikipedia.

About The Author

Leon Kaye

Leon Kaye is the founder and editor of GreenGoPost.com. Based in California, he is a business writer and consultant. His work is has also appeared on Triple Pundit , The Guardian's Sustainable Business site and has appeared on Inhabitat and Earth911. His focus is making the business case for sustainability and corporate social responsibility. He's pictured here in Qatar, one of the Middle East countries in which he takes a keen interest because of its transformation into a post-oil economy. Other areas of interest include sustainable development in The Balkans, Brazil and Korea. He was a new media journalism fellow at the International Reporting Project, for which he covered child survival in India during February 2013. Contact him at leon@greengopost.com. You can also reach out via Twitter (@LeonKaye) and Instagram (GreenGoPost). As of October 2013, he now lives and works in Abu Dhabi, United Arab Emirates.