The proposed geothermal heating project in Wattstetten, east of Munich, has made progress, having received approval for the purchase of a piece of land near Weissenfeld and the highway for the establishment of a drilling facility. However, financing the project remains the biggest challenge. For this reason, Economy Minister Hubert Ewanger has pledged his support for the geothermal project.

The municipalities of Wattstetten and Grasbrunn have already committed to participate in the geothermal program, while Hal and Zornindingen still have the option to join. The basic resolution to implement the geothermal project was approved by the Wattstetten city council in mid-2022. The joint venture the two municipalities plan to form in the fall hopes the state guarantee will provide some risk protection in the event of a drilling failure.

The Mayor of Grasbrunn, Klaus Konedel, has received a positive response to the request from Minister Ivanger. Together with Wattstetten Mayor Leonhard Spitzau, he plans to emphasize the request for departmental assistance in a joint letter.

According to Mayor Spiezio in a previous statement, it is expected that the project will require a total investment of 75 million euros. The municipality alone cannot finance the project and will need the support of investors.

According to Konedel, if the state provides a guarantee fund, the risk assumed is manageable. Based on the vast amount of subsurface data available to the seismic institute in Wattstetten, it's unlikely that drilling would fail. The benefits of having a guarantee fund are self-evident - it would help municipalities get more money to move forward with geothermal projects.

According to a previous report, the production phase of Wattstetten's proposed geothermal project is scheduled to begin between 2025 and 2026. However, the expansion of the heating network may take longer, possibly until 2030.

Source: Süddeutsche Zeitung

Theproposed geothermal heating project in Vaterstetten, in the east of Munich, has been progressing with the acquisition of a piece of land near Weiß enfeld and the autobahn on which the derrick is to be erected. Theproposed geothermal heating project in Vaterstetten in the east of Munich, has been progressing with the acquisition of a piece of land near Weiß enfeld and the autobahn on which the derrick is to be erected. However, financing of the project remains to be the biggest challenge. However, financing of the project remains to be the biggest challenge. To this end, Economics Minister Hubert Aiwanger has already promised to support the geothermal project.

Themunicipalities of Vaterstetten and Grasbrunn have already committed to participating in the geothermal project, while Haar and Zorneding still have the option of joining. A basic resolution for the execution of the geothermal project wasapproved by the municipal council of Vaterstettenin mid- 2022. The joint company between the two municipalities, which is to be founded in the autumn, is hoping that a state guarantee can provide some risk protection in the case of a failed drilling project. The joint company between the two municipalities, which is to be founded in the autumn, is hoping that a state guarantee can provide some risk protection in the case of a failed drilling.

Grasbrunn'sMayor Klaus Korneder had already received an affirmative response from Minister Aiwanger regarding the request. the mayor of Vaterstetten, Leonhard Spitzauer, he is now planning to underline a request for assistance in a joint letter to the Ministry.

Ina previous statement, Mayor Spitzauer mentioned that a total investment of EUR 75 million is anticipated to be needed for the project. The municipality alone cannot fund this, and will be needing investors.

Kornederbelieves that the State will be taking on a manageable risk should it grant a guarantee fund. With substantial subsurface data on Vaterstetten based on seismic studies, failure of drilling is not expected. With substantial subsurface data on Vaterstetten, based on seismic studies, failure of drilling is not expected. The benefits having a guarantee fund cannot be overstated - it will help the municipalities in securing even more funding to advance the geothermal project.

Accordingto a previous release,the production phase of the proposed geothermal project in Vaterstetten is planned to start by 2025 t0 2026. However, expansion of the district heating network is likely to take more time and may have to wait until 2030. However, expansion of the district heating network is likely to take more time and may have to wait until 2030.

Source:Sueddeutsche Zeitung