(AOF) – Enertime, a French “CleanTech” company serving industrial energy efficiency and the production of renewable energy in geothermal energy, has secured a buyer’s loan from BPI France for the benefit of the CFE (Comisión Federal de Electricidad) Mexican company and covering 90% of the cost of the first phase of its geothermal project in Mexico. The group thus obtained financing of 13.8 million euros for its geothermal project in Mexico.
Gilles David, CEO of Enertime, said: “Our collaboration with CFE which began in 2020 with a donation from the French government FASEP for a feasibility study on the implementation of ORC technology on geothermal sites in Mexico between in a new era with the establishment of this financing which is an important step towards the finalization of a first contract. The support of BPI France should allow us to gain momentum in the very promising field of geothermal electricity production “.
AOF – LEARN MORE
Learn more about the Utilities sector
The challenges of water recycling
According to a report from the World Economic Forum, demand for water will jump by 55% by 2050. However, only 11% of water is recycled globally, with strong disparities depending on the country: if this rate reaches 89% in Israel, it falls to 15% in Spain. It is even less than 1% in France! The Veolia manager, however, believes that the rate of 10% targeted for 2030, as part of the new Water plan announced by the authorities, is achievable under certain conditions. At the forefront is administrative simplification. Veolia is committed to tripling its production of recycled water by 2030 to bring it to 3 billion m3. In this area, the world leader in environmental services strengthened its know-how during its takeover bid for the former Suez group.