Enex to build six geothermal plants in Bavaria Skip to content

Enex to build six geothermal plants in Bavaria

Icelandic geothermal company Enex, owned by Reykjavík Energy Company and Geysir Green Energy, plans to build six geothermal plants in <?xml:namespace prefix = st1 ns = “urn:schemas-microsoft-com:office:smarttags” />Bavaria in Germany in the next few years.<?xml:namespace prefix = o ns = “urn:schemas-microsoft-com:office:office” />

Bladid daily reports that construction of the first plant will begin today with Össur Skarphédinsson, Iceland’s Minister of Industry, doing the initial digging.

These six plants will generate a total of 84 megawatts of electricity, besides delivering a considerable amount of hot water. Construction costs for each plant is estimated at between ISK 3 and 6 billion (USD 50-90 million). The first plant will likely be up and running within two years.

In the last few years, German authorities have increased promotion of energy sources that do not emit greenhouse gasses. Prices for green energy are twice as high as energy created by burning of fossil fuels.

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