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Vulcan Energy Resources Limited
ISIN: AU0000066086
WKN: A2PV3A
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Vulcan Energy Resources Limited · ISIN: AU0000066086 · EQS - adhoc news (59 News)
Country: Australia · Primary market: Australia · EQS NID: 2027461
12 November 2024 12:31AM

Vulcan receives 100 million euro funding commitment for heat supply project in Landau


EQS-Ad-hoc: Vulcan Energy Resources Limited / Key word(s): Financing
Vulcan Energy Resources Limited: Vulcan receives 100 million euro funding commitment for heat supply project in Landau

12-Nov-2024 / 00:31 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Vulcan receives 100 million euro funding commitment for heat supply project in Landau

Vulcan Energie has received a government funding commitment for the HEAT4LANDAU project, which aims to decarbonise the district heating networks in Landau, Rhineland-Palatinate. The project includes the infrastructure for the generation, transport and supply of up to 255 MW of geothermal energy. The funding comes from subsidies from the Federal Ministry for Economic Affairs and Climate Protection (BMWK) and the European Recovery and Resilience Facility (ARF). These are provided via the German Recovery and Resilience Plan (DARP) as part of the guidelines for federal funding for efficient heating networks (BEW). The BEW funding will be paid out in proportion to the total eligible expenditure: around 22 million euros in 2026 and a further 78 million euros in 2027.

The HEAT4LANDAU project is an integral part of the company's first ‘Lionheart’ project phase.

  



End of Inside Information

12-Nov-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


Language: English
Company: Vulcan Energy Resources Limited
Unit 1, Level 11, Spring Street
WA 6000 Perth
Australia
E-mail: dtydde@v-er.eu
Internet: www.v-er.eu
ISIN: AU0000066086
WKN: A2PV3A
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 2027461

 
End of Announcement EQS News Service

2027461  12-Nov-2024 CET/CEST

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