Italy’s FER2 Auction Approves Two Zero‑Emissions Geothermal Projects — What It Means for the Market Overview: FER2’s first geothermal auction and the winners Italy’s FER2 incentive mechanism — established by the Ministry of the Environment and Energy Security (MASE) to stimulate renewable investment through long‑term Contracts for Difference (CfDs) — has completed its first geothermal tender, awarding favourable rankings to two zero‑emissions projects with a combined capacity of 29.4 MW. The auction aimed to allocate a dedicated 30 MW quota for geothermal plants that operate with no net emissions, and it selected: - Pola 1: a 24.4 MW project in Jolanda di Savoia, Ferrara. - ITW & LKW Geotermia Italia: a 5 MW plant in Castel Giorgio, Terni. Two other bids — a 12.69 MW project in Castelnuovo di Val di Cecina by Magma Energy Italia and a 5 MW proposal in Monterotondo Marittimo from Enel Green Power Italia — were excluded from the final rankings. The FER2 framework sets explicit timeli...
Canada and Tanzania Unite to Unlock Geothermal Energy in Meru: A Powerful Step Toward a Greener Future
In a groundbreaking move set to reshape Tanzania’s energy landscape, Climate Action Africa (CAA) and the Tanzania Geothermal Development Company (TGDC) have officially launched a game-changing initiative: Undertaking Detailed Surface Study for Meru Geothermal Prospect . Robert Buluma This dynamic collaboration marks the first Climate Action Africa partnership of its kind in Tanzania and holds the promise of transforming the nation’s energy future through geothermal power. A Vision Born at the Foot of Mount Meru The Meru Geothermal Prospect, nestled beneath the majestic Mount Meru in Northern Tanzania, is no ordinary site. It is a sleeping giant—an untapped source of clean, renewable, low-emission energy that could power thousands of homes and industries. With the support of the Government of Canada and technical partners like TownRock Energy (UK), Oxfam Consults, and Aquarius Resources, this venture is more than a project—it’s a leap forward in climate resilience and energy inde...