Announcement of the Gran Canaria Geotermia private-public consortium (supply: Gran Canaria Power Council)
A public-private consortium has been launched to steer exploratory drilling work for high-temperature geothermal sources in Gran Canaria within the Canary Islands.
A public-private consortium has been established to steer the exploration efforts for potential geothermal sources within the island of Gran Canaria in Spain’s Canary Islands. Throughout the presentation of the brand new consortium, the President of the Cabildo of Gran Canaria, Antonio Morales, introduced that geothermal drilling actions are anticipated to start out earlier than the top of October 2024.
The brand new firm, Gran Canaria Geotermia SL, is held by the Gran Canaria Power Council (49.985%), Dando Drilling Spain of the Dando Drilling Group (44.014%), the Ayaguares Medio Ambiente of the Perez Moreno Group (3%), and the Canary Islands Base of the Satocan Group (3%).
Three boreholes will probably be drilled to depths of as much as 2700 kilometers in a 36-square kilometer parcel of land positioned between Ingenio, Agüimes, Telde, and Valsequillo. All of the companions on this initiative have expressed optimism for the undertaking, stating that preliminary exploration outcomes have been constructive in indicating the presence high-enthalpy geothermal sources on the undertaking website. Positioned within the southeastern area of Gran Canaria, the drilling website has the very best geothermal anomalies within the island.
The fee for the drilling exercise is estimated at EUR 30 million, about half of which will probably be offered by the Institute for Power Diversification and Saving (IDAE) beneath a beforehand introduced funding programme for deep geothermal tasks in Spain.
“This consortium completely combines the expertise of our native firms in areas equivalent to the entire water cycle, waste or building, with the expertise of Dando Drilling within the area of oil, hydraulic and geothermal drilling,” mentioned Antonio Morales. Dando Drilling Worldwide will probably be liable for finishing up the drilling to evaluate the feasibility of utilizing geothermal sources for energy technology.
Updates on every section of the geothermal undertaking are offered on the official website of Gran Canaria Geotermia.
Supply: Gran Canaria Power Council
