 The GDF was founded by the German Development Bank KfW with funding from the European Union in 2016 with the first call for proposals beginning in 2017. Since then, there have been four completed calls, with a fifth pending. 53 projects have applied for GDF funding; 17 of those have been invited to grant negotiations. As a result of these efforts, eight grants have been executed, out of which two have started development to date. Due to this demonstrated interest and pent-up demand, policy support for geothermal energy is key to develop utility-scale geothermal energy in Latin America.
Chris McCormick, Interlink's Chief Investment Officer of the Geothermal Development Facility explores the LATAM policy support needed in this ThinkGeoEnergy interview based on the feedback of GDF applicants and experience running the fund. Click here to read the full interview. Comments are closed.
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