Geothermal Power in Germany
AllMerus Energy Ltd. is actively pursuing opportunities in the geothermal power sector primarily in Germany. Due to the favourable legislative environment, geothermal activities have developed rapidly in the recent past.
AllMerus Energy Ltd. is in active discussions on the development of a number of German geothermal projects where licenses and rights as well as the necessary relationships with the relevant partners are in place and are now ready for financing and construction.
In geothermal as with biomass, AllMerus Energy Ltd. follows a portfolio strategy by targeting clusters of power plants rather than individual plants.
AllMerus Energy Ltd. is actively involved in the development and realisation of a geothermal energy project together with Gruenwald Equity Geothermie GmbH with approx. 5 MWel in the Bavarian Molassis Basin where drilling is expected to commence in late Q4 2010 to early Q1 2011.
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