Abbreviated form of legal source(s)
Renewable Energies – Premium – Deep Geothermal Energy
Description of support scheme
KfW supports new plants producing electricity from deep geothermal sources with loans and a repayment bonus. A repayment bonus is a reduction of loan that has to me repaid and can be granted after the completion of work.
Amount
The loan is up to 80 % of the costs and at most, EUR 10 million (in exceptions 25 million). The interest rate starts at 1 %. The repayment bonus varies with the type of installation and can be up to 50 % of the loan. A repayment bonus is a reduction of loan that has to me repaid and can be granted after the completion of work.
Addressees
Companies, private persons, agricultures, public companies and communes, civil initiatives.
Procedure
Applicants can prepare the application via an online tool on the website. They must then find a financing partner. The bank administers the KFW loan. Further information can be found on this website:
https://www.kfw.de/inlandsfoerderung/Unternehmen/Energie-und-Umwelt/Förderprodukte/Erneuerbare-Energien-Tiefengeothermie-(272-282)/
Competent authority
KfW loans are administered and disbursed by regular banks.