![]()

Petratherm Spain signed a memorandum of understanding with Enel Green Power for joint assessment and development of the company's geothermal projects in Spain, with plans for further expansion of the company's project portfolio in Spain.
Enel Green Power is a leading geothermal developer, with more than 800 MW of operational geothermal capacity, and about 300 MW lined up for development. Exploration and development costs for all upcoming joint projects will be split on a 50/50 basis between the two companies with special purpose vehicles (SPV).
The more advanced Tenerife geothermal project is subject to different conditions however, with Enel Green Power contributing 50% of all exploration costs to date, as well as ongoing costs, for a majority stake in the project in return. Enel will also fund the first production well.
[source: Petratherm]







