Baseload, Geothermal

ENGIE Secures Geothermal Exploration Permits in Mexico

Mexico’s Ministry of Energy (SENER) last week issued three exploration permits to ENGIE and Reykjavik Geothermal.

ENGIE said that the permits authorize the companies to spend three years exploring geothermal resources located in three zones in Sanganguey, Nayarit, and Cerro Pinto and Las Derrumbadas, Puebla.

“Granting these exploration permits to a partnership between France and Iceland marks a major step in the implementation of the geothermal energy reform since they are the first 100 percent foreign capital companies to invest in the Mexican geothermal industry,” Efrain Villanueva Arcos, general director of clean energies, SENER, said in a May 23 statement.

Reykjavik Geothermal in December 2015 signed a cooperation agreement with ENGIE subsidiary Storengy to jointly develop Mexico’s concessions and geothermal exploration permits.

Lead image credit: Christian Frausto Bernal | Flickr