Green Therma and Stadtwerke Wismar Sign Letter of Intent to Explore Geothermal District Heating in Germany Wismar, Germany – May 12, 2026 — A new step toward decarbonizing urban heating systems has been set in motion after Green Therma ApS and Stadtwerke Wismar GmbH signed a Letter of Intent to jointly assess the potential for deploying geothermal district heating in Wismar, Germany. The agreement marks an early but strategic move toward integrating advanced closed-loop geothermal technology into one of northern Germany’s established district heating networks, as cities across Europe accelerate efforts to phase out fossil-fuel-based heating systems. Early-Stage Collaboration Targets Clean Heat Transition Under the agreement, both organizations will work together to evaluate whether geothermal energy can be integrated into Wismar’s existing district heating infrastructure. The partnership will begin with a structured pre-feasibility study covering geological screening, technical e...
Unveiling Croatia's Geothermal Future: Cindrigo's Quest for Sustainable Energy
By : Robert Buluma 00:45 Nairobi
In the heart of Croatia's picturesque landscapes lies a venture that promises to reshape the nation's energy future. Cindrigo Holdings, a beacon of renewable energy innovation, is on a mission to unlock the potential of geothermal power with its ambitious Slatina 3 project.
Picture this: the rolling hills of Croatia's countryside, where lush greenery meets the horizon, now dotted with the telltale signs of progress. Amidst this serene backdrop, Cindrigo's subsidiary, Dravacel, is making waves in the renewable energy sector by seeking a six-month extension for its exploration license. This pivotal move, aimed at propelling the Slatina 3 project forward, signals a new era of sustainable energy development in Croatia.
But why all the buzz? It's simple - geothermal power holds the key to a cleaner, greener future. With its abundance of natural heat sources lying beneath the Earth's surface, Croatia is poised to harness this renewable energy treasure trove. And Cindrigo, with its unwavering commitment to innovation and sustainability, is at the forefront of this revolution.
In a strategic partnership with Tri Ri Asset Management (TRAM), Cindrigo is navigating the complexities of project development with finesse. By postponing fund drawdowns until the license extension is secured, Cindrigo is taking a calculated approach to project management, ensuring that every euro invested contributes to the project's success.
But what sets the Slatina 3 project apart? It's not just about drilling deep into the Earth's crust - it's about tapping into a reservoir of potential. With nearly €8.0 million invested to date, and €3.0 million allocated in 2024 alone, Cindrigo is laying the groundwork for a sustainable energy future in Croatia.
And the best part? This is just the beginning. As Croatia's renewable energy landscape continues to evolve, with initiatives such as the Vrpolje municipality's solar plant investment and Adria Polymers' ambitious solar plans, the stage is set for a renewable energy revolution. A similar Exploration for district heating is to be done in Berlin, Germany by Innargi in attainment of sustainable energy
So, what's next for Cindrigo and the Slatina 3 project? With confidence in the project's potential running high, and the promise of a license extension on the horizon, the future looks brighter than ever. Stay tuned as Cindrigo embarks on a journey to unlock Croatia's geothermal future and pave the way for a sustainable tomorrow.
Source: Cindrigo Market Data
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