WorldWide Drilling Resource

Germany’s Geothermal Market has a New Player Adapted from a Press Release by Enel Green Power and IEA (International Energy Agency) Geothermal Enel Green Power (EGP) has entered into the renewable energy market in Germany through its recent acquisition of a 78.6% stake in Erdwärme Oberland GmbH (EO) from Erdwärme Bayern GmbH & Co., a company specializing in the development of geothermal projects in the Bavarian region. EGP is entering the German market with the most advanced technology and over a century of experience in the geothermal power industry. The company has an installed capacity of 10.442 megawatts, produced by 738 plants in 16 countries, includ- ing a generation mix of wind, solar, hydro, geothermal, and biomass. "This acquisition is very significant because it opens the door for Enel Green Power to a major, stable renewable energy market such as Germany," said Francesco Venturini, CEO of EGP. "The transaction demonstrates the group's ability to keep pace with market developments and quickly enter new countries, leveraging its global presence and experience to seize new market opportunities. We intend to build a solid platform for future investment opportunities in the country, both in geothermal power and in other sectors, contributing to achieving the target for the share of renewables in the European energy mix." EO has recently developed a project for the construction of a geothermal plant with a maximum expected capacity of about 26 megawatts. The project, located near the town of Weilheim, southwest of Munich, will be developed under a mineral exploration concession granted by the Bavarian Ministry for Economic Affairs, Media, Energy, and Technology. EO intends to begin geological exploration activities this year. Germany plans to phase out the use of nuclear energy by 2022. By 2050, the German Government’s goal is for an energy supply based predominantly on renewables, meeting 80% of electricity consumption and 60% of final energy consumption. & $ & & !' & "$!(! & ! % "$ & $ ( & % & #' % % ) & +!' ) $ ( ! !$,% ( %& *" $ % & !& ( & ! % % & $% " %" $ !( $ "$ % & & ! % !' &$ % " '% ) " +!'$ ' " !+ % &!& + Going to the South Atlantic Well Drillers JUBILEE? Get Noticed with WWWWDDRR ! It’s time for WWDR ’s Annual JUBILEE Pinpointer map. Let attendees know exactly where your company booth will be. Maps will be in the June issue of WWDR and also distributed at the show! Deadline is April 15! Contact Brenda or Kathy at 850-547-0102 or e-mail Brenda@ or Kathy@worldwidedrillingresource.com Make Sure J UB I L E E Attendees Know Where Your Booth is! Space is limited. Reserve your spot today! 29 WorldWide Drilling Resource ® APRIL 2016