Skip to main content

Slatina-3 Geothermal Exploration License Slated For a 6 Months Extension onths

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

Connect with Us:Alphaxioms

Comments

Hot Topics

Pentagon Expands Geothermal Push to Strengthen Military Energy Security

Pentagon’s Power Play:  DoD Expands Geothermal Push to Fortify U.S. Military Energy Security By:  Robert Buluma In a move that blends cutting-edge clean energy technology with the uncompromising demands of national security, the U.S. Department of Defense (DoD) is ramping up its geothermal initiatives to ensure mission assurance and round-the-clock power for military installations. The stakes are high — with threats from wildfires, extreme weather, cyberattacks, and power shortages looming larger than ever, the Pentagon is betting on geothermal’s resilience to keep bases operational no matter the conditions. A United Front for Energy Resilience Through the Defense Innovation Unit (DIU) , the DoD is partnering with the Air Force, Army, Navy, and Marines to de-risk geothermal development and pave the way for full-scale power plant construction on military bases. Six geothermal innovators have been tapped for the mission: Eavor  – Pioneers in closed-loop geotherma...

Mercury, Contact Lead NZ's Supercritical Geothermal Energy Revolution

🌋 From the Ground Up: New Zealand’s Bold Leap into a Supercharged Geothermal Future By:  Robert Buluma In the heart of New Zealand, beneath the rugged volcanic landscapes and steaming geysers, lies an energy revolution waiting to erupt. On July 30th, 2025, a powerful message echoed from the geothermal capital of the Southern Hemisphere — New Zealand is not just embracing its geothermal potential; it is preparing to unleash it. With the unveiling of the draft strategy titled From the Ground Up , the government, led by Minister Shane Jones for Resources and Regional Development, signaled a transformative shift in how the nation will harness the heat beneath its feet — and it's as ambitious as it is inspiring. 🔥 A Legacy Forged in Steam New Zealand’s geothermal story is deeply rooted in its identity. Long before turbines spun and power grids buzzed, Māori ancestors were using geothermal waters for warmth, healing, and cooking. Geothermal, or waiwhatu , is more than a resource — ...

Canada’s Bold Leap: Geothermal-Powered Communities Are Here

Powering Canada’s Future: A Landmark Geothermal Alliance Between Diverso Energy and Mattamy Homes By Robert Buluma , August 2025 Imagine a neighbourhood where homes stay comfortably warm in winter and refreshingly cool in summer—without relying on gas or expensive HVAC systems. Welcome to the new era of sustainable Canadian homebuilding, powered by a groundbreaking partnership between Diverso Energy and Mattamy Homes . What’s the Big News? Diverso Energy , a trailblazer in geothermal Energy-as-a-Service (EaaS), has joined forces with Mattamy Homes , one of North America’s largest privately-owned homebuilders, in a national joint venture to bring geothermal technology into select residential projects across Canada. Diverso will now be the exclusive provider of geothermal heating and cooling to Mattamy developments—from single-family homes and townhouses to mid-rise and high-rise multi-unit buildings. Why It Matters: Sustainable, Scalable, Smart This partnership ushers in a sc...

India’s High-Altitude Geothermal Breakthrough: Powering the Future from Ladakh’s Cold Desert

In the breathtaking heart of Ladakh’s cold desert, at an awe-inspiring altitude of 14,000 feet , India is on the verge of making renewable energy history. By:  Robert Buluma The  The Oil and Natural Gas Corporation (ONGC (ONGC) is nearing completion of a groundbreaking geothermal well in Puga Valley , bringing the nation one giant step closer to its first-ever geothermal power generation project . This is not just another renewable energy venture  it’s a bold statement of self-reliance and innovation . Executed entirely with homegrown expertise, the project unfolds in one of the most challenging terrains on Earth  the extreme, unconsolidated Himalayan formations, where access is limited to specific seasons and the topography is as rugged as it is beautiful. Despite the obstacles, ONGC’s Energy Centre, in collaboration with  Seros Drilling Private Limited, , has pushed forward, proving that determination and engineering excellence can conquer even the most for...

Germany Maps 150+ Deep Geothermal Projects, 2000MW Planned

🌍 Germany’s Geothermal Boom: 2,000 MW in the Pipeline as New Map Reveals Over 150 Deep Geothermal Projects By: Robert Buluma Germany is turning up the heat—literally—on its clean energy future. A newly released map from the German Geothermal Energy Association (BVG) shows a dramatic surge in deep geothermal energy projects across the country. Titled "Deep Geothermal Projects in Germany," the map offers a comprehensive snapshot of over 150 geothermal projects currently in planning, with a staggering potential to generate up to 2,000 MW of thermal energy , and in some cases, electricity. 🔍 Current Geothermal Landscape in Germany According to the BVG, there are now: 42 operational deep geothermal plants 31 provide only heat 9 produce both heat and electricity 2 generate electricity exclusively 16 plants currently under construction 155 new plants in the planning phase 8 research facilities 170 thermal baths powered by geothermal sources The currently installed capacity stan...

Ormat Inks New Zealand Deal for World’s Largest Binary Geothermal Plant

💥  Ormat Inks New Zealand Deal for World’s Largest Binary Geothermal Plant 💥 By:  Robert Buluma In a groundbreaking development for geothermal energy,  Ormat Technologies has signed a new contract with Contact Energy Ltd. to construct the Tehuka 3 geothermal power plant in New Zealand. This marks Ormat’s 16th geothermal power plant in the country and solidifies New Zealand's growing reputation as a global geothermal powerhouse. 🔋 59 MW of Clean Energy Incoming Once completed, Tehuka 3 will generate 59 megawatts (MW) of renewable energy—enough to power thousands of homes and industries with clean electricity. Notably, Tehuka 3 is set to become the largest single geothermal binary unit operational plant in the world, representing a new milestone in binary cycle technology. 🌋 Built on Trust, Powered by Tauhara This contract marks the third collaboration between Ormat and Contact Energy, underscoring a trusted partnership. The Tehuka 3 plant will be located near the exi...

Germany Digs Deep: Fast-Tracking Geothermal Energy to Heat the Future

Germany Supercharges Geothermal Energy for a Carbon-Free Future Germany has just lit a fire under its clean energy transition only this time, the heat is coming from deep underground. By:  Robert Buluma On August 6, 2025, the government approved a bold bill to fast-track geothermal projects across the country. The move could transform how millions of homes and businesses are heated, slashing carbon emissions and cutting dependence on fossil fuels. What’s Changing Faster Approvals: No more endless waiting—geothermal plants, district heating lines, heat pumps, and thermal storage will get priority treatment. Overriding Public Interest: Geothermal now ranks alongside wind and solar, unlocking faster permits and smoother planning. Looser Exploration Rules: Drilling and subsurface studies will face fewer restrictions. Why It Matters Geothermal could supply over a quarter of Germany’s heating needs —and it’s available 24/7, rain or shine. With 42 plants already running and 16 more un...

Innargi Deep: Seismic Surveys Spark Geothermal Heating RevolutionHeading: Łódź DiINNARGI Digs Deep: Seismic Surveys Spark Geothermal Heating Revolutiong Revolution

🌍 Seismic Surveys Kick Off Geothermal Exploration in Łódź Why Łódź is Going Underground for Clean Heat By:  Robert Buluma In an exciting development for climate-focused energy innovation, the Danish company Innargi has teamed up with Veolia Energia Łódź to explore the geothermal potential beneath the city of Łódź, Poland. A letter of intent signed in late 2024 formalized their long-term partnership to decarbonize the city's district heating system by tapping into renewable geothermal resources. Mapping the Earth: What’s Happening & When Starting around August 11, 2025 , seismic surveys are scheduled to begin across four routes covering approximately 160–186 km throughout the city. Specialized vibro‑trucks will send controlled vibrations—lasting roughly 20 seconds—into the ground. These signals are captured by geophones placed in advance along the planned routes. The data will be used to build a detailed subsurface map in just 4 weeks . Survey operations are prima...

Indonesia’s Geothermal Power Surge: Barito Renewables Unleashes Five Game-Changing Projects

A New Chapter in Indonesia’s Energy Future Has Begun. By:  Robert Buluma In a historic move that signals Indonesia’s unwavering commitment to a greener future, PT Barito Renewables Energy Tbk (BREN) has pulled the curtain back on five cutting-edge geothermal power projects under its subsidiary, Star Energy Geothermal . The inauguration, which took place virtually on June 26, 2025 , was no ordinary milestone—it was presided over by none other than President Prabowo Subianto himself, underscoring the national importance of this initiative. Set in the lush geothermal landscapes of Salak and Wayang Windu in West Java , these projects aren’t just about generating electricity—they’re about igniting transformation. 🔋 A USD 365 Million Bet on Green Power Barito Renewables is putting its money where its mission is, investing USD 365 million to inject an additional 112 MW into Indonesia’s energy mix. This expansion is expected to create over 3,300 jobs , supercharging local econom...

🔋 Eavor’s Magnetic Leap: How Germany's First Closed-Loop Geothermal Plant is Rewriting Renewable Energy Rules

🌍 A New Era for Geothermal: Eavor’s Groundbreaking Technology Powers Germany Forward By:  Robert Buluma The renewable energy world is buzzing, and for good reason. In the quiet town of Geretsried, Germany , something extraordinary is happening underground  Eavor Technologies has launched a geothermal revolution that could change the energy game forever. At the center of this disruption is Eavor-Link™ Active Magnetic Ranging (AMR)  a drilling technology so precise, it can align two wells with surgical accuracy, 100 meters apart, thousands of meters below the surface. 🧲 The Magic of Magnetic Ranging Traditional geothermal systems depend heavily on subsurface water and sometimes controversial methods like fracking. But Eavor’s AMR system is eliminating these dependencies by creating a closed-loop geothermal circuit  known as the Eavor-Loop™ . This loop operates with zero emissions, requires no water withdrawal, and eliminates induced seismicity concerns. It ci...