1.1.0001 29.04.11

MANNVIT Acquires Shares in GTN Latin America in Chile

MANNVIT, a leading geothermal energy consulting company, becomes a shareholder in GTN Latin America, founded by Fundación Chile and Geothermie Neubrandenburg GmbH, to service the Chilean geothermal market.

 

MANNVIT’s acquisition of shares in GTN Latin America (“GTN LA”) is a part of the company’s strategic international growth plan. It allows MANNVIT to expand its service offerings in renewable energy to South and Central America countries, while helping to pave the way for this growing industry in Chile. Since more than, the Iceland-based MANNVIT has participated four decades in development and construction of projects producing over 1000 MW in geothermal power and heating., adding to GTN LA’s capacity.

 

By now, GTN LA has been offering innovative solutions for the direct use of geothermal energy. Recent Chilean projects include geothermal heating and cooling systems.

“This range of services increases with the entrance of MANNVIT, at a time when we can see a definite increase in the development of geothermal energy in Chile,” says Marcela Angulo, Head of Energy and Climate Change at Fundación Chile. “The services they offer is quite distinguished, and integrates decades-long experience in utilizing geothermal energy. Ffor the Chilean market, we foresee the need to utilize their geothermal expertise for direct heat, electricity production and combined heat and power applications, all done with a strong emphasis on the sustainability of the geothermal resource, which we are confident will contribute to a greater acceptance of geothermal energy by communities and the general public,” she added. MANNVIT’s Deputy CEO, Runólfur Maack, added: “We see a tremendous potential for geothermal energy in Chile and by becoming a part of GTN LA, MANNVIT can contribute to the development of this growing inddutry in Chile and in South America,” adding that “because MANNVIT offers technical services ranging from exploration and engineering of power plants to project management in every phase of geothermal projects, we can service the entire geothermal market.”

 

Geothermal energy has recently emerged as one of the best options to supply Chile’s growing economy with locally-sourced energy. Geothermal energy is clean, renewable energy that has proven itself to be highly competitive with traditional sources of power.  Further, geothermal is a proven technology with a high capacity factor and minimal impacts to the environment and neighbouring communities.

 

About Fundación Chile

Fundación Chile is a non-profit, private corporation, with 34 years of experience in driving innovation in Chile. Its main objective is to identify new ideas and enterprises that can transform and deploy high-impact initiatives. Its founders and co-founders are the ITT Corporation, BHP Billiton and the Government of Chile.

The organization has created 76 companies in diverse areas, combining the advantage of natural resources, transferring and development of new technologies and business models. These have resulted in a contribution of value to the country worth more than USD $2 billion.

(www.fundacionchile.cl)

 

Abount MANNVIT

MANNVIT, which is headquartered in Iceland, is a leader in geothermal energy and hydroelectric power, with over four decades of experience in all phases of the development of power plants. The company offers services and solutions for geothermal energy and hydroelectric power development to projects all over the world. MANNVIT has geothermal projects references in Iceland, Hungary, United States, Germany, Nicaragua, El Salvador, Guatemala and elsewhere. Since 1963, the company has provided services for a wide range of public and private projects, such as the geothermal heat and power plants at Hellisheidi 300 MW, Nesjavellir 120 MW and Krafla 60 MW in Iceland, the organic cycle binary plant located in Berlin, El Salvador, and the first Kalina technology plant, located in Husavik, Iceland.

(www.mannvit.com)

More news:


10.6.2015

GTN expands its business area by geophysics

  Expanding the fields of geophysics due to the employment of Mr. Ingmar Budach  
10.6.2015

Geothermal Energy Use For the Staufer Barrack in Pfullendorf / Baden Wuerttemberg

Covering the base load heat demand of the Staufer Barrack in Pfullendorf by utilizing deep geothermal energy.
19.2.2014

Consortium of Rödl & Partner, GTN/GTN LA/Mannvit and BMAJ (Chile) Wins CAF/KfW Bid for Latin American Project

In January 2014, Rödl & Partner, the leader of the consortium of R&P, GTN/GTN LA/Mannvit Iceland and BMAJ (Chilean legal firm), signed the contract on the preparation of development funds for deep geothermal projects in South America with CAF and KfW.
20.11.2013

Dr. Peter Seibt awarded with the Patricius Medal

On the 15th of November Dr. Peter Seibt was awarded with the Patricius Medal for his excellent advisory in the implementation of geothermal systems.
26.9.2013

Wirtschaftsforum Geothermie e.V. (WFG) confirms its management board team

The members of the Wirtschaftsforum Geothermie e.V. (Business Forum Geothermics) unanimously confirmed Dr. Peter Seibt as member of the management board.
25.9.2013

Successful conferral of a doctorate by our colleague Johannes Birner!

On 17 June 2013, Mr. Birner defended his doctoral thesis successfully at the Freie Universität Berlin.
8.7.2013

Feasibility Study „Deep Geothermal Energy Use at Hannover Airport“

The Airport Hannover-Langenhagen GmbH intends to cover its heat demand by geothermal energy in the future. A preliminary study on the geological and process-engineering potentials at the site gave a positive outlook. GTN has been contracted to clearly specify these investigations within the framework of a two-phase feasibility study.
25.6.2013

State Visit of the President of Iceland to Germany

Geothermie Neubrandenburg GmbH (GTN) & Mannvit Iceland presented their worldwide activities in the geothermal field within the framework of the state visit of the Icelandic President Ólafur Ragnar Grímsson in Berlin on 26.6.2013.
12.11.2012

New GTN Office in Berlin

In autumn 2012, Geothermie Neubrandenburg GmbH opened an office in Berlin which will also serve as the new head office of the Icelandic firm Mannvit in Germany, thus extending their network in Central Europe as German and Icelandic market leaders in the field of deep geothermal energy utilization.
8.8.2012

GTN at the „Praktikertage“ in Unterhaching

After 10 years of project experience, Geothermie Unterhaching (GUH) invited for the first „Practitioners‘ Days for Applied Deep Geothermics“ in Unterhaching from 19 – 20 July 2012.
9.3.2012

FEFLOW and GTN at GeoTHERM 2012

Joint appearance of the companies DHI-WASY, AQUASOIL and GTN emphasizes the importance of FEFLOW as leading modeling tool in geothermics.
13.10.2011

Market Leader in Terms of Geothermal Energy Use

INNOVATION The Neubrandenburg-based GTN consultancy office is becoming increasingly active and successful abroad also. By Dieter Menzel
5.8.2011

GTN Expands Business Areas in South Germany

For the engineers and geologists of Geothermie Neubrandenburg GmbH (GTN, success is not waiting to be picked up on the streets, but rather underneath. The planning office which is going to celebrate the 20th anniversary of its foundation this year, has specialized in the development and utilization of geothermal heat and thermal waters form heating, electricity generation and balneological applications.
29.4.2011

MANNVIT Acquires Shares in GTN Latin America in Chile

MANNVIT, a leading geothermal energy consulting company, becomes a shareholder in GTN Latin America, founded by Fundación Chile and Geothermie Neubrandenburg GmbH, to service the Chilean geothermal market.