Germany:

Taufkirchen Project in Germany Prepares Construction and Discusses Financing Options (Think GeoEnergy)

(Courtesy CIA.gov)

In a release on its activities in the German market, geothermal drilling company Daldrup & Söhne AG provides an update on its Taufkirchen project in the South of Germany.

The project is a joint venture of Geysir Europe (Daldrup owns 75% in this company), the Swiss utility Axpo AG (35%), local utility Oberhaching (19.75%) and bioEnergie Taufkirchen (0.25%).

The project currently removes the drilling pad and prepares the site for the construction of a power plant, which is expected to be a Kalina binary plant.

There are ongoing discussions with potential financing partners for the financing of the construction, which is expected to be around EUR 30 million ($39 million).

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