Germany construction; Iceland cable study

Construction begins on Germany’s Taufkirchen plant. Despite uncertainty, Iceland wants to delve deeper into the possibility of constructing a power cable to Europe.

Germany: Taufkirchen Geothermal Plant to Begin Construction
Iceland: More Info Needed for Potential Power Cable to Europe

Germany: Taufkirchen Geothermal Plant to Begin Construction
On July 10, the government of Upper Bavaria in coordination with the district office in Munich confirmed privilege to begin construction on a geothermal power plant in Taufkirchen. The project is planned by Daldrup & Söhne AG. Purchase agreements for heat have been closed with the communities of Oberhaching Taufkirchen for 20 MW after completion of the power plant. Dgap.de

Iceland: More Info Needed for Potential Power Cable to Europe
A feasibility report on building a power cable to Europe showed a “considerable degree of uncertainty” in terms of profitability, and a second study is needed, Industry Minister Ragnheidur Elin Arnadottir was quoted by press in Reykjavik recently. The report showed an estimated range of 4 billion kronur ($32 million) to 76 billion kronur in expected annual export revenue. “A divide that large can’t be used as the basis for a firm decision, although it makes for a good first step in information gathering,” Arnadottir said. Bloomberg.com

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