Summary
GGE Chile SpA, a subsidiary of GeoGlobal Energy LLC, announced to invest $187.7 million for the construction of geothermal power plant to be located in San Gregorio district, between the Bio Bio and La Araucania regions, Southern Chile. The goal of the project is to use geothermal energy to generate electricity. The total installed capacity of the project is 70 MW. Investments in Geothermal power market in Chile have been attractive because of unexplored geothermal resources and rising electricity demand in the country.
Scope
The scope of the report includes -
- The information related to the project finance deal by GeoGlobal Energy
- A brief on company - GeoGlobal Energy
- Comparison of project finance deals in the geothermal power sector
- The rationale and impact behind project finance by GeoGlobal Energy
The Deal Report attempts to focus on the reason finannce wind project by GeoGlobal Energy. It will allow the reader to:
- Analyze similar project and asset finance deals in the geothermal energy sector.
- Assists in understanding the impact of the deal.
- Analyze the huge unexplored renewable energy sources potential in Chile