en.Wedoany.com Reported - The regional government of Madrid, Spain, has granted two exploration permits for the Cibeles project site, which aims to assess the technical and economic feasibility of deep high-temperature geothermal resources. The permits were awarded to Technology Metals Europe, the Spanish subsidiary of Australian mining company Energy Transition Minerals.

The Cibeles project covers five municipalities, including Madrid, Alcobendas, and San Sebastián de los Reyes, and represents the first exploration for high-temperature geothermal resources on the Iberian Peninsula. Previously, high-temperature geothermal energy had only been considered in the Canary Islands, where early-stage work has already been carried out on Tenerife and Gran Canaria. The potential for using geothermal energy for heating and cooling in Madrid has already been documented, with operational projects in places such as Alcalá de Henares and the Moncloa transport hub.

Unlike the volcanic systems of the Canary Islands, Madrid's high-temperature geothermal resources may exist within deep sedimentary basins. If the study confirms feasibility, it will have far-reaching implications for other sedimentary basin systems. The regional government emphasized that the permits comply with mining regulations, and exploration activities will be subject to controls and authorizations regarding safety, environmental protection, and land-use planning, while also considering compatibility with surrounding natural and urban values.

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