Home News Innargi, a Danish geothermal company, moves to Poland and goes underground.

Innargi, a Danish geothermal company, moves to Poland and goes underground.

by Linda Bertelsen
Innargi-Veolia-agreement

From the ceremony at the Town Hall in Poznan. The photo shows Jan Pic, CEO of Veolia in Poznan, CEO Frédéric Faroche of Veolia Group in Poland, and Samir Abboud, CEO of Innargi (far right). Photo: Innargi

Innargi – owned by A.P. Møller Holding, ATP, and NRGi – has entered into a framework agreement with Veolia on developing geothermal energy for district heating in Poznan, Poland’s fifth largest city with approx. 550,000 inhabitants.

The ambition in Poznan is to develop a 100 MW plant.

– This agreement is very important to us because it shows that our business model also works outside of Denmark, says Samir Abboud, CEO of Innargi.

Innargi’s business model implies that Innargi finances the plants, takes responsibility for the underground risk, and makes geothermal heating capacity available to the district heating companies as a service.

The agreement was concluded a year after Innargi and Kredsløb, the district heating company in Aarhus, announced an agreement to build the EU’s largest geothermal plant in Aarhus. The facility in Aarhus is 111 MW.

The agreement with Veolia in Poland is Innargi’s first international agreement.

Translated from Energy-supply.dk