Mexico to invest US$51.5 million in drilling new geothermal wells in Baja California

Mexico’s Ministry of Energy (Sener) will drill four geothermal wells in Baja California and Baja California Sur, investing US$51.5 million through the Geothermal Financing and Risk Transfer Program to reduce exploration risk. The program is managed through a collaborative initiative led by the Inter-American Development Bank (IDB) in partnership with Sener, NAFIN, the Clean Technology Fund (CTF), and Munich Re.

Source: ThinkGeoEnergy