Margün Enerji’s USD 150 Million Acquisition of Hez Enerji Signals a New Geothermal Consolidation Wave in Türkiye The global renewable energy sector is undergoing a rapid phase of consolidation, with strategic acquisitions reshaping ownership structures, accelerating capacity expansion, and strengthening long-term energy security. One of the latest and most significant moves comes from Türkiye, where Margün Enerji Üretim Sanayi ve Ticaret A.Ş. has agreed to acquire geothermal company Hez Enerji İnşaat San. ve Tic. A.Ş. in a deal valued at approximately USD 150 million . The transaction, which includes an operational geothermal power plant and additional resource licenses, underscores the aggressive expansion strategy of Margün Enerji in the geothermal space. This acquisition is not just a financial transaction—it represents a broader strategic pivot in Türkiye’s renewable energy landscape, where geothermal energy is increasingly becoming a core pillar of baseload clean power generati...
Gran Canaria’s Geothermal Push Enters New Phase as Drilling Tender Preparations Begin By: Robert Buluma Gran Canaria’s geothermal ambitions are rapidly moving from theoretical exploration toward real industrial development. In a major development for Spain’s renewable energy sector, the Cabildo of Gran Canaria has intensified efforts to unlock underground geothermal resources while preparations quietly advance for what could become one of the Canary Islands’ most important clean energy drilling campaigns. The latest momentum comes as the Cabildo formally seeks another permit to investigate geothermal resources across strategic areas of the island. At the same time, authorities and project partners are preparing technical tender documents for exploratory geothermal drilling operations expected to begin in the coming development phases. Together, these developments signal that geothermal energy is no longer being treated as a distant scientific possibility in Gran Canaria. It is ...