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Vulcan Energy Secures €100 Million Funding for Landau Heat Project
Vulcan Energy Resources Limited has announced a €100 million funding commitment for its HEAT4LANDAU project. This initiative aims to decarbonize the district heating networks in Landau, Rhineland-Palatinate. The project is designed to provide infrastructure for generating, transporting, and supplying up to 255 MW of geothermal energy.
The funding stems from subsidies provided by the Federal Ministry for Economic Affairs and Climate Protection and the European Recovery and Resilience Facility. These funds are administered through the German Recovery and Resilience Plan and align with federal guidelines for efficient heating networks.
Allocated funds will be disbursed in stages: €22 million in 2026 and €78 million in 2027, reflecting the total eligible expenses.
R. P.
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