On Monday 20 January the European Commission authorised France to participate in the setting up of a guarantee fund for deep geothermal operations.
Thus, the Commission has authorised a contribution from the French Environment and Energy Management Agency (ADEME) amounting to €16.1 million in the form of repayable advances to set up the GEODEEP guarantee fund.
GEODEEP, which will operate for up to 10 years, will provide guarantees for projects in the deep geothermal sector (Enhanced...