Countries in South America, especially Chile, may be hot spots for growth, with several companies showing interest in the region. For example, Enel Green Power in collaboration with the Chilean national oil company, ENAP, is developing five projects in the country. Last year, in Peru, the government issued a draft „Regulation for Peru‟s geothermal sector‟. Two companies, Hot Rock Peru and Magma Energy, have acquired exploration licenses to investigate potential geothermal hot spots.
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