Netherlands: Geothermal Energy Projects "Reaching a Tipping Point"

Geothermal financing developments (International Law Office)

(Courtesy CIA.gov)

Although once considered too great a risk from a technical, financial and legal perspective, geothermal energy is now a rising trend – at least in the Netherlands.

The number of geothermal energy projects in the Netherlands is rapidly increasing and the developments seem to be reaching a tipping point. One such project is Trias Westland, a geothermal project initiated by 49 greenhouse companies which aim to heat their greenhouses in a renewable manner and against stable costs. Trias Westland will be the first project to carry out drillings in the Triassic at a depth of four kilometres to retrieve heat.

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