RWE Innogy Starts Geothermal Joint Venture with Daldrup & Sohne

RWE Innogy has set up a joint venture with Daldrup & Söhne AG in order to develop, plan and construct a range of geothermal power stations in Germany and other locations in Europe.

The first step of the joint venture will be to develop RWE Innogy’s existing deep geothermal drilling areas – for which permits have already been obtained, and to apply for further permits. However, plans are also in place to participate in geothermal and project development companies in Germany and other European countries.

RWE Innogy had already obtained permits for two deep geothermal projects from the Munich mining authorities in October last year – in Wildpoldsried and Unterthingau in the Swabian rural district of Oberallgäu in south-west Germany.

Over the next three years investigations will be carried out into the geothermal potential of this area which covers some 100 square kilometers. Once the data has been analyzed, RWE Innogy and Daldrup & Söhne plan to drill up to 4000 meters into the ground. Any geothermal facilities that are developed by the two partners will be built and operated by independent project companies.

“The use of geothermal heat for the production of electric power and heat has great potential – not just in Germany, but also in southern and south-eastern Europe. This joint venture enables us to ensure the systematic development of a relatively young form of energy in our latitudes and to use this energy on a major technical scale,” said Fritz Vahrenholt, chairman of RWE Innogy.

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