Germany: Increased Investment in Taufkirchen Geothermal Power Plant

Daldrup & Söhne AG: Acquisition of 35% of Taufkirchen power plant shareholding from Axpo Power AG (News Release)

Geothermie Taufkirchen GmbH & Co. KG, a company of Geysir Europe GmbH, in which the drilling technology and geothermal energy specialist Daldrup & Söhne AG holds a 75.01 percent stake, has reached an agreement with Axpo Power AG, Baden, Switzerland, under a share purchase agreement to acquire a 35% stake in the project company of the geothermal power plant GeoEnergie Taufkirchen GmbH & Co. KG in Taufkirchen, Germany with retroactive effect from 30th June 2017.

If the Taufkirchen power plant is operated successfully, the management board expects that the geothermal power plant will contribute significantly to the group's earnings in line with its strategy for the coming years.

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From the Global Geothermal News archives:

• Wednesday, August 30, 2017 - Germany: Updates on Taufkirchen and Landau Geothermal Power Plants
• Wednesday, October 9, 2013 - Germany: Taufkirchen Project to Start Construction This Fall