Tuesday, October 10, 2017

Germany: Icking Geothermal Power Project Gets Finnish Investment

Taaleri to finance Germany’s largest geothermal power plant (News Release)

Finnish financial house Taaleri will finance Germany’s largest power generation project utilising geothermal energy. Planned to be implemented in the municipality of Icking, south of Munich, the project has the mining permits, and works can be started.

The project has been developed by the local development company, Erdwärme Bayern. Together with its customers, Taaleri will be responsible for the equity financing of the construction stage. Erdwärme Bayern will remain in the project as a minority owner.

The overall value of the project is approximately EUR 160 million, and it will be the largest-capacity power plant utilising geothermal energy in Germany so far. The project consists of five wells to be drilled and the power plant to be built over them

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