Thursday, May 25, 2017

Latin America: 13 Applicants Selected to Complete Call for Proposals for Geothermal Development Facility

Results for the Call for Expressions of Interest - GDF

Courtesy Geothermal Development Facility

The German government's KfW Development Bank in conjunction with the European Union launched the €55 million Geothermal Development Facility (GDF) for Latin America to focus on early stage development of 350 MW of installed geothermal power capacity in Latin America over the next ten years.

An Expression of Interest was sought in January 2017, to which 25 parties submitted information. In this two-step process, GDF is now announcing that it has now selected 13 applicants to complete Call for Proposals. Final grant approvals for the selected proposals should be finalized in the 4th quarter of this year.

It is anticipated that late this year a second Expression of Interest will be initiated where new applicants and some of those that weren’t selected in the first round will apply.

More information..........