Deutsche ErdWärme and Copenhagen Infrastructure Partners, on behalf of the fund Copenhagen Infrastructure III K/S, have entered into a partnership regarding the development of a portfolio of geothermal energy projects in the upper Rhine valley of Germany.
The Upper Rhine Graben is one of the regions with the highest temperature gradients in Central Europe. The upper rock layers store significantly more energy than in other places. The beginning of the uplift of the Black Forest and Vosges and the lowering of the ditch is assumed to be around 60 million years old, which may explain the high heat flow.
The geothermal projects will generate electricity by pumping up hot water of +100 ºC from 3-5 km depth. Geothermal is a long-term sustainable energy source with examples of wells that have been operating for more than 50 years and still produce energy today. Geothermal technology provides base load power.
The partnership brings together DEW’s experience within the deep geothermal energy sector and CIP’s track record in developing, constructing and operating large renewable energy projects.