Wednesday, December 9, 2015

France: Partnership Formed to Develop Deep Geothermal Energy Projects

Omnes Capital and Fonroche Géothermie sign a partnership agreement (News Release)

Paris based Omnes Capital and Fonroche Géothermie of Roquefort in southern France, have signed a partnership agreement concerning the development, construction and operation of deep geothermal energy generation projects in France.

Since 2010, Fonroche Géothermie has developed a fully integrated approach and ambitious industrial plans for developing geothermal energy projects in France. This strategy is supported by a team of specialists in geoscience, drilling and surface mining.

Having obtained seven exclusive operation permits in France, Fonroche Géothermie is planning to invest more than €400 million in the geothermal energy market between now and 2025, resulting in the creation of over 500 jobs.

Capenergie 3, Omnes Capital’s most recent renewable energy fund, is the first fund to benefit from the support of the “Juncker” European investment plan via the participation of the European Investment Bank. Its strategy consists of developing green energy generation capacity based on mature technologies in France and Europe in partnership with SMEs.

Read More........