Geothermal Exploration and Production Leases

The Colorado State Land Board is seeking development teams to pursue geothermal exploration and eventual production leases on 11 parcels totaling 6,597.16 acres across five counties in Colorado.

Colorado > Department of Natural Resources > Colorado State Land Board


General
Open
6564
Sep 20, 2026 09:00 PM
Jul 20, 2026 12:00 PM
Request for Proposal (RFP)
State
Ask AI about this solicitation
Contact
christel.koranda@state.co.us
+17208543321
Submission Instructions
Description

The Colorado State Land Board is seeking development teams to take full responsibility for planning, exploration, permitting, financing, and development of geothermal projects, including electrical generation facilities, on 11 state-trust-land parcels totaling 6,597.16 acres across five Colorado counties. Applicants may pursue conventional, enhanced geothermal, direct-use, or other geothermal technologies and must submit one proposal per parcel. Proposals must address the project summary, financial bid, applicant experience, financing and capitalization, project timeline, development footprint and stewardship, community engagement, water plan, facility design and surface impacts, litigation, ability to conduct business in Colorado, approval of the form lease, and any additional information. The solicitation requires completion of the Financial Bid Sheet and submission of supporting financial evidence, project pro forma, organizational and technical narratives, a current Colorado Certificate of Good Standing, and certifications or disclosures addressing litigation and acceptance of the standard lease terms. Financial bids must address phase-specific rent, bonuses, royalties, estimated power pricing, and other revenue. The selected applicant will execute a geothermal lease and pay a 2% bidder's fee based on the first year's exploration rent and any exploration bonus.

Classification Codes
NAICS221118Other Electric Power Generation
PSCX1MCLEASE/RENTAL OF EPG FACILITIES - GEOTHERMAL
Smart Codes
geothermal explorationgeothermal productionland lease
Specifications
Service
Timeline
Jul 20, 2026-RFP Issue Date
Aug 20, 2026-Inquiry Deadline
Sep 20, 2026-Submittal Deadline
Oct 22, 2026-Notification of Selected Applicant
Nov 12, 2026-Board Hearing on Staff Recommendations
Requirements
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