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Abbreviated form of legal source(s)
Renewable Energies – Premium – Deep Geothermal Energy
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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.
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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.
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Addressees
Companies, private persons, agricultures, public companies and communes, civil initiatives.
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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.
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Technologies