News

New Geothermal Project in Spain

Cardial Website Screenshot
Francisco Rojas 27 Aug 2014

Cardial Recursos Alternativos located Spain is expecting that the regional authorities to grant them the last operating permit to immediately start building its first geothermal plant and aiming to expand nationally and overseas

As recently reported by our sister publication Piensa En Geotermia, the Spanish company Cardial Recursos Alternativos, located in Almería, Spain, is expecting that the regional authorities to grant them the last operating permit to immediately start building its first geothermal plant with a size that could vary between 5 and 8 MWt (thermal).

In this first phase, the firms aims to develop a pilot of a size between 5 and 8 MW aiming to subsequently incorporate successive investment groups in a context of minimal risk, reducing the cost of financing plant, shorten the time of return of the respective investment. The time of operation of one of these plants would be around one year the latest, the company said.

They are also aiming to replicate other plants both locally and abroad, currently in advanced collaboration with companies in various countries such as Colombia, Chile, United States and the Persian Gulf.

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Source: Cardial Website via Piensa En Geotermia