Zanskar secures USD 40 million development facility to finance geothermal projects in California
Type: Financing · Technology: Geothermal · Country: United States · Value: $40M · Announced: 2026-04-16
Zanskar secured a USD 40 million development facility to finance geothermal projects in California, partnering with CC Power to explore new geothermal sources. The financing will support the identification and development of geothermal resources in the state, targeting high-temperature reservoirs for power generation. CC Power, a renewable energy developer, will collaborate with Zanskar to advance geothermal projects under a joint development agreement. The partnership aims to accelerate California's transition to clean energy by leveraging geothermal's baseload power capabilities. The facility will fund early-stage exploration, drilling, and feasibility studies for multiple sites. This collaboration follows Zanskar's recent 115-MW geothermal development pact with CC Power, signaling a broader push into California's geothermal market.