St Kitts and Nevis Geothermal Plant Gets EU Offer
Nevis geothermal project: the EU says it is ready to mobilise concessional loans and grants for a 30 MW plant. What was offered and what is still open. The post St Kitts and Nevis Geothermal Plant Gets EU Offer appeared first on The Rio Times .
The Nevis geothermal project in St Kitts and Nevis has attracted an offer of support from the European Union. EU officials informed the island government on September 24, 2026 that the bloc can provide concessional loans and investment grants. Nevis Island Administration (NIA) released this information on October 1. Specific details about the offer, including loan terms and timeline, have not been made public.
The EU delegation, led by David Mogollón, met Acting Premier Spencer Brand and NIA energy consultant Ernie Stapleton. Mogollón stated that the EU can offer concessional loans and investment grants, and explore different modalities for the partnership. The EU will also provide European know-how in engineering, transmission, and inter-island links.
The Nevis geothermal plant is planned at the Hamilton site and is being developed through the Nevis Electricity Company. Iceland Drilling has signed a contract to drill six wells, with a US$5.9 million down payment made by the NIA. If successful, Nevis would host three times the capacity of Dominica's 10-megawatt geothermal plant.
The EU also aims to link Nevis with St Kitts, Saba, St Eustatius, and Sint Maarten, as well as French islands like St Barthélemy and Saint-Martin. The EU is exploring other locations like Antigua. The NIA will continue assessing the proposal, while the United States has also expressed interest in partnering on the project.
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