The Authorities of Croatia has allotted funding of EUR 30 million to assist geothermal analysis and exploration efforts beneath AZU.
Croatia’s Ministry of Financial system and Sustainable Growth has authorised the allocation of grants amounting to EUR 29,828,555.70 to finance the challenge “Preparation and analysis of geothermal potential within the context of centralized heating.” The funding was authorised by means of the measure C1.2. R1-12 Incentive for vitality effectivity, heating, and renewable vitality sources for the decarbonization of the vitality sector.
In attendance throughout the ceremonial signing of the funding settlement have been Minister of Financial system and Sustainable Growth Davor Filipovi?, President of the Administration Board of the Croatian Hydrocarbons Company (AZU) Marijan Krpan, and Director of the Fund for Environmental Safety and Vitality Effectivity Luka Balen.
The AZU is permitted to hold out preliminary investigations to guage the geothermal potential of web sites inside the Republic of Croatia. The company had already granted geothermal exploration licenses for 5 areas to a few corporations following a public tender in early 2023.
2D seismic and magnetotelluric (MT) surveys had been carried out within the websites that have been supplied for public tender, which is able to enable for the number of two areas the place geothermal drilling will likely be viable. The detailed documentation on the geothermal potential and potential drilling websites will likely be printed, eliminating a big portion of the exploration danger.
This can assist the area people within the implementation of geothermal water utility initiatives. The realized funding will guarantee a greater use of the produced vitality and the commercialization of using thermal vitality obtained from renewable sources.
Just some weeks in the past, AZU had organized a Roundtable occasion on decarbonization applied sciences that highlighted geothermal vitality as a vital part within the nation’s vitality transition.
Supply: AZU