Spain bags £120 million for #Geothermal Studies

Spain's Ambitious Geothermal Endeavors Receive Significant Funding and Collaborative Efforts

Spain is making substantial strides in its commitment to sustainable energy, particularly in the realm of geothermal exploration. The latest development sees a noteworthy Euro 120 million funding injection from the Ministerio para la Transición Ecológica y el Reto Demográfico, paving the way for groundbreaking initiatives across the Canary Islands and mainland Spain.

Canary Islands Geothermal Studies:

Repsol, a key player in the energy sector, is set to conduct geothermal studies in Tenerife, La Palma, and Madrid. This collaborative effort with the Universidad Autónoma de Madrid signifies a strategic partnership between industry and academia, aiming to deepen our understanding of geothermal potential in these regions.

Moreover, Tenerife is witnessing a unique private-public partnership between the Technological Institute of Renewable Energy (ITER) and Disa Renewables. This collaboration is geared towards a comprehensive geothermal exploration plan, highlighting the fusion of expertise and resources for sustainable energy development.

Gran Canaria Island Project:

Not to be outdone, Gran Canaria Island is taking bold steps with a Euro 31 million project proposed by the Energy Council. The initiative focuses on geothermal exploration and drilling in Valsequillo, Ingenio, Aquimes, and Telde. This concerted effort aims to tap into the island's geothermal potential, further diversifying the renewable energy portfolio of the region.

The commitment to geothermal exploration is a testament to Spain's dedication to reducing carbon emissions and transitioning towards greener energy alternatives. Geothermal energy, with its low environmental impact and consistent power generation, aligns with Spain's broader goals of fostering a sustainable and resilient energy infrastructure.

Environmental Impact and Economic Opportunities:

Geothermal energy not only offers environmental benefits but also presents economic opportunities. The infusion of funds into these projects stimulates job creation and technological advancements, contributing to the overall growth of the clean energy sector in Spain.

The collaborative nature of these initiatives, involving government entities, private corporations, and research institutions, underscores the importance of a unified approach to sustainable energy development. The multidisciplinary studies and exploration plans demonstrate a commitment to thorough research and informed decision-making.

Looking Ahead:

As Spain continues to make strides in geothermal exploration, the outcomes of these studies and projects will likely shape the future of the country's energy landscape. The Canary Islands, with their diverse geothermal potential, stand as testaments to Spain's forward-thinking approach in harnessing renewable energy sources.

In conclusion, Spain's Euro 120 million investment in geothermal endeavors marks a significant step towards a greener and more sustainable future. The collaborative efforts and comprehensive exploration plans signal a collective determination to capitalize on geothermal energy, positioning Spain at the forefront of the global transition to cleaner, more sustainable energy solutions.

Comments

Kaishan Targets 2 GW Kenya Geothermal Development Across Five Fields

Kaishan Targets 2 GW of Geothermal Development Across Kenya Kenya's geothermal sector has opened a potentially significant new chapter after Kaishan Group and the Geothermal Development Company (GDC) signed a collaboration framework agreement covering five geothermal blocks in the East African Rift Valley. Signed in Nairobi on September 14, 2026 , the agreement establishes a framework for the two parties to explore potential joint development of Silali, Paka, Korosi, Baringo and Suswa . According to Kaishan, the five areas have potential to support approximately 2 GW of installed geothermal capacity . The headline figure is substantial, but it is important to distinguish between resource potential and committed generation capacity . The framework agreement is non-binding. The parties will first conduct due diligence, assess the resources and negotiate development plans before potentially signing separate binding agreements for individual geothermal blocks. The development coul...

Next-Gen Geothermal Funding 2026: VCs, Banks, Government Capital

Who Is Really Funding Next-Gen Geothermal in 2026? Next-generation geothermal has moved beyond laboratory research into a capital-intensive commercialization phase. In 2026, the most important financing is no longer coming from one investor category: venture capital funds are financing drilling, subsurface modelling and hardware; strategic energy companies are providing equipment, project access and market credibility; banks are beginning to lend against contracted projects; and governments are absorbing exploration and first-of-a-kind technology risk. The strongest financing activity is concentrated in the United States and Canada, but Europe is becoming increasingly important through Germany-based deployment, European Union grants, UK innovation support, and strategic participation from European energy companies. The central investment question is changing from “Can this technology work?” to “Can the developer deliver repeatable, financeable projects at commercial cost?” The 2026 fun...

Billionaire Families Bet on Advanced Geothermal Energy Investments

Billionaire Geothermal Families Bet on Geothermal Billionaire families and private investment offices are placing increasingly large bets on geothermal energy, especially on technologies designed to make the resource available in more locations. Their investments are helping finance enhanced geothermal systems, advanced drilling, closed-loop designs, and other approaches that could transform geothermal from a regionally concentrated power source into a globally scalable clean-energy industry. The investment surge reflects a broader change in the energy market. Electricity demand is rising because of artificial intelligence, data centers, industrial electrification, electric vehicles, and the expansion of digital infrastructure. At the same time, utilities and large corporations need power that is reliable around the clock. Solar and wind remain essential to the clean-energy transition, but their output varies with weather and time of day. Geothermal could complement these technologies ...

France Geothermal Energy 2026: Heating, Power, Policy, Investment Growth

France's geothermal sector is at a crossroads. The country is Europe's undisputed leader in deep geothermal district heating, with the Paris Basin hosting the world's largest concentration of deep geothermal systems. Yet geothermal still supplies only 1% of France's final heat consumption, and the Court of Auditors has warned that current ambitions are "unrealistic" without structural reform. ⚡ Deep Geothermal (Power Generation): Marginal Output, Major Potential Untapped France's geothermal power generation remains almost negligible. As of 2026, only two plants produce electricity: the Bouillante plant in Guadeloupe (15.5 MW) and the Soultz-sous-Forêt EGS pilot in Alsace (1.7 MW). Total geothermal electricity production capacity was approximately 17.17 MW in 2023, forecast to reach just 19.47 MW by 2028. The Bouillante plant is set to double its production with a third unit scheduled for commissioning by the end of 2026, making it an exemplary model for ...

Jicarilla Apache Geothermal Study Wins $2.5 Million Grant

Jicarilla Apache Nation Launches $2.5 Million Geothermal Feasibility Study The Jicarilla Apache Nation in northern New Mexico has launched a major investigation into its geothermal energy potential after receiving a $2.5 million grant from the State of New Mexico. The funding will support a detailed feasibility study examining whether underground heat resources on tribal lands could be developed for electricity generation, direct heating, or other energy applications. The initiative represents an important step in the Nation’s efforts to understand and diversify its energy resources. Although the Jicarilla Apache Nation has not yet committed to building a geothermal facility, the study could provide the geological, technical, and economic information required for future investment decisions. The project is particularly significant because the Nation already has extensive experience with subsurface exploration through its oil and gas activities. Existing geological records, drilling inf...

Global Geothermal Investment 2026: 15 High-Growth Markets

Global Geothermal Investment 2026: 15 Markets Where Developers Should Look Next Geothermal energy is entering its most investable decade yet, with developers, drilling contractors, turbine suppliers and private capital providers scanning a widening map of opportunities beyond the traditional “big five” producers. This article profiles 15 markets where project pipelines, policy signals, resource quality and technology readiness converge to create compelling entry points in 2026 and beyond. Why 2026 Is a Turning Point for Geothermal Capital Global geothermal investment is accelerating as governments seek firm, low‑carbon baseload to back up variable wind and solar, while advanced drilling and subsurface engineering lower costs and expand the resource base. Market analysts project the geothermal energy market to reach roughly USD 13.56 billion by 2030, up from about USD 9.81 billion in 2025, implying sustained double‑digit growth in development spend. Capital is flowing not onl...

Geothermal Funding, August ,September 2027 With Intelligence into 2028

Geothermal Funding in August and September 2027: Investment Outlook and Intelligence Into 2028 Geothermal funding in August and September 2027 is likely to focus on projects that can demonstrate commercial resource potential, credible drilling plans, secure offtake, and a clear path to construction. The market will increasingly move beyond broad technology experimentation toward financeable geothermal assets supported by government grants, development-finance institutions, strategic investors, utilities, and corporate power buyers. The most significant investment themes will likely include enhanced geothermal systems , exploration drilling, closed-loop geothermal , data-center power supply, conventional geothermal expansion in East Africa, and blended finance for emerging markets. By 2028, investors are expected to distinguish more sharply between companies with proven technical performance and those still dependent on laboratory results or unconfirmed resource estimates. The 2027 Fun...

UOS Exploration Drilling Advances Next-Generation Geothermal Development

Września GT-1: Poland Begins a New Geothermal Drilling Project for Local Heat Poland is moving another step toward expanding geothermal energy as a local heat source, with drilling now underway on the Września GT-1 geothermal exploration well in Greater Poland. The project, being carried out in Września, is designed to determine whether underground thermal water can provide a sufficiently reliable resource for the municipality's heating system. The planned well is expected to reach approximately 1,460 metres , with preliminary estimates indicating thermal water temperatures of around 53–54°C and a potential production rate of at least 250 m³/h . The project is being supported financially by Poland's National Fund for Environmental Protection and Water Management (NFOŚiGW) and forms part of a wider national programme supporting geothermal exploration across Poland. For Września, however, the drilling campaign is about more than simply finding hot water. The results could d...

Aulnay-sous-Bois Advances Geothermal Heating Project After 2,000m Drilling

Aulnay-sous-Bois Advances Its Geothermal Heating Project After Completing 2,000-Metre Drilling Aulnay-sous-Bois, in the Seine-Saint-Denis department of France’s Île-de-France region, has reached an important milestone in the development of its local geothermal heating network. After approximately four months of work, drilling for the city’s geothermal project was completed during the summer of 2026. The well reaches nearly 2,000 metres beneath the surface, where the project will access the Dogger aquifer. At this depth, naturally occurring geothermal water reaches temperatures of approximately 70°C. Once the facility becomes operational, the heat extracted from the aquifer is expected to supply most of the energy required by Aulnay-sous-Bois’s district heating network. The project is scheduled to enter service before the end of 2026. According to Groupe Coriance, the geothermal system is expected to cover 93% of the network’s requirements, produce approximately 140 GWh of heat each yea...

Arverne secures Limagne geothermal lithium permit to boost supply

Arverne expands geothermal asset portfolio with new lithium exploration permit in Auvergne Arverne secures 442.7 km² PER “Bassin de Limagne” near Clermont-Ferrand French geothermal developer Arverne (Euronext: ARVEN) has been granted an exclusive research permit (Permis Exclusif de Recherches, PER) for lithium and related substances covering the “Bassin de Limagne” in Puy‑de‑Dôme, Auvergne. The five‑year permit, announced 3 September 2026, spans 442.68 km² and adds to Arverne’s growing national portfolio of PERs: the company now holds nine permits in France, three of which are focused on lithium. The award underscores Arverne’s strategy to combine geothermal heat production with geothermal lithium extraction — an integrated model the company is already deploying elsewhere in France. For the Auvergne permit, Arverne emphasizes that the Bassin de Limagne area overlaps with its existing PER for the Riom‑Clermont‑Métropole, where 3D exploration studies have previously evaluated the subsurf...

Maren Maras plans 99-MW geothermal power development in Aydin, Türkiye

Maren Maras plans 99-MW geothermal power development in Aydin, Türkiye Maren Maras is planning a 99-MW geothermal development in Aydın’s Germencik district, consisting of three 33-MW plants with binary-cycle technology, based on regulatory filings and the Final EIA report. The project is expected to generate about 730 GWh annually and requires an estimated TRY 1.82 billion investment. Maren Maras Plans 99-MW Geothermal Power Development in Aydın, Türkiye Maren Maras Elektrik Üretim Sanayi ve Ticaret A.Ş., part of Kipaş Holding, has advanced plans for a major geothermal expansion in Türkiye’s Aydın province. According to regulatory documents and reporting on the company’s environmental filings, the project will add 99 MW of installed geothermal capacity in the Germencik district through three separate 33-MW power plants. The project adds another large-scale development to one of Türkiye’s most active geothermal regions. Aydın has long been a core province for geothermal power in th...

ALPHAXIOMS Geothermal News & Energy Research

Search This Blog

Just In

Western Geothermal Power Transmission Roadmap Toward 2030