News

5th Call under Latin American Geothermal Development Facility opening 30 March 2020

Snapshot of GDF for LAC website
Alexander Richter 7 Feb 2020

The 5th call for Expressions of Interest under the Geothermal Development Facility for Latin America will open on 30 March 2020, as announced on the GDF website.

The Geothermal Development Facility for Latin America will open for Expressions of Interest for its 5th Call for Proposals (CFP) on March 30, 2020.

The objective of the Facility (GDF) is to encourage public and/or private investment in geothermal power development in Latin America. Funding is available for the following activities:

  • Geoscientific surface studies to determine the optimal location of reservoir-confirmation wells at the most promising geothermal prospects.
  • Drilling and testing of reservoir-confirmation wells at the most promising geothermal prospects to assist developers in securing financing for subsequent development phases.

GDF will provide financial support to assist in mitigating geothermal exploration risk. The GDF is the first multidonor climate initiative to promote geothermal energy within Latin America. It is expected to improve access to equity or other funding sources for geothermal developers in the region, and to play a catalytic role in establishing geothermal energy as a strategic option in power-expansion planning within the participating countries.

Source: GDF website