Investment Opportunities in Europe’s Geothermal Energy Market: Country-by-Country Resources, Companies, Challenges, and Growth Prospects Europe is developing one of the world’s most diverse geothermal investment markets. The continent combines mature geothermal electricity industries in Italy, Iceland, and Türkiye with rapidly expanding district-heating markets in France, Germany, the Netherlands, Poland, Hungary, Denmark, and Switzerland. The most attractive European opportunities are not limited to power generation. Investors can participate in geothermal district heating and cooling, industrial heat, geothermal heat pumps, enhanced geothermal systems, closed-loop systems, thermal storage, lithium extraction, drilling services, equipment manufacturing, and integrated energy networks. The European Geothermal Energy Council reported that ten new geothermal district-heating and cooling systems began operation during 2025, adding approximately 70 MWth of capacity. New systems were report...
SM’s PGPC Wins Leyte Geothermal Contract: A Game-Changer for Philippine Renewable Energy By Robert Buluma – June 8, 2026 In a landmark move that reinforces the Philippines’ position as a global leader in geothermal energy, Philippine Geothermal Production Co. Inc. (PGPC) — a wholly owned subsidiary of the Sy family’s SM Investments Corp. (SMIC) — has secured a government contract to develop a significant geothermal resource in Leyte. The award, confirmed by Energy Secretary Sharon Garin on June 1, 2026, under the Department of Energy (DOE) ’s fifth open and competitive selection process (OCSP5), marks a pivotal expansion for PGPC. The company won the rights to Pre-determined Area (PDA) 2, known as the Southern Leyte Geothermal Project, which has a potential capacity of 25 megawatts (MW) . This article dives deep into the implications of this contract, the strategic importance of geothermal energy for the Philippines, and what it means for the future of renewable energy (RE) in the...