Origin buys the stake in EASA from Empresa Nacional del Petróleo. The two companies did not reveal the value of the deal.
"It is our view that geothermal can provide large-scale renewable base-load energy. Chile has significant potential from a resource and growing local demand perspective," says Karen Moses, Origin’s executive director of finance and strategy.
EASA, which will continue to be 60%-owned by London Stock Exchange-listed Antofagasta Minerals, has established a portfolio of eight geothermal exploration projects in northern and central Chile, covering a total of 553,400 hectares.
According
