RWE Innogy has set up a joint venture with Daldrup & Söhne AG in Ascheberg to develop, plan and construct a range of geothermal power stations. The first step of the joint venture will be to develop RWE Innogy’s existing deep geothermal drilling areas for which permits have already been obtained and to apply for further permits. However, plans are also in place to participate in geothermal and project development companies in
"This joint venture enables us to ensure the systematic development of a relatively young form of energy in our latitudes and to use this energy on a major technical scale," says Prof. Fritz Vahrenholt, Chairman of the Board of Directors of RWE Innogy. The geothermal facilities that will be developed by the two partners are to be realised and operated by independent project companies.
"We are pleased that by teaming up with RWE Innogy we have found a powerful partner for our future growth and for our continuing internationalization strategy," says Josef Daldrup, founder and CEO of Daldrup & Söhne. "This JVis an important milestone in the development of the geothermal activities of D&S AG. The JV also enables D&S to get involved in the operation of geothermal power stations and in the resulting creation of further revenue with long-term stability. This partnership with RWE Innogy is an excellent additional pillar for our continued business development, particularly against the background of the general economic situation."