Great potential and new geothermal law attracts new developers in Mexico
Avenida de la Reforma, Mexico City, Mexico (source: flickr/ Enrique Dans, creative commons)
Alexander Richter
13 Mar 2017
A new geothermal law, mitigation scheme and great potential, make geothermal energy an attractive investment opportunity in Mexico.
The Institute of the Americas (IOA) will hold workshop about Mexican Geothermal Opportunities in collaboration with the US Department of Energy (DOE), the National Renewable Energy Laboratory (NREL), the US Commercial Service, Mexico’s Ministry of Energy (SENER) and Federal Electricity Commission (CFE) on April 4, 2017.
In the presentation, the author highlighted the great geothermal resources in Mexico, that provide a large number of opportunities for geothermal energy devleopment.
Resource estimates
- Proven Reserves: 286 MW
- Probable Reserves: 5,739 MW
- Possible Reserves: 7,422 MW
- Total potential for geothermal power generation remains at 13.4 GWe (13,400 sponsorship)
As part of presentation, it is also looked at who are the players developing geothermal projects in Mexico.
Before the legislative reforms there were only four geothermal fields being exploited by CFE (national power company in Mexico). And there are today 21 geothermal fields being explored. The third element is “Two new geothermal fields exploited by…)
The companies that are with the exploitation license. The companies are CFE, Grupo Dragon, Enel, CFE, Dragon, Enal, Storengy and Reykjavik Geothermal.
The Mitigation Financial Mechanism in Exploration for Greece.
Source: Institute of the Americas
