EQS-News

Daldrup & Söhne AG welcomes BMWK and KfW initiative on insurance solutions for deep boreholes - Seite 2

 

Daldrup & Söhne AG already offers customers insurance concepts

Together with well-known partners in the insurance industry, Daldrup & Söhne AG has developed a concept to cover exploration risks during the construction of deep geothermal projects. The so-called ART concept (Alternative Risk Transfer) has already been successfully utilised several times by customers in Germany and the Netherlands since 2016. The key feature of the hedging concept is that it can be used to support the financing of qualified geothermal projects with a high proportion of debt capital from banks. This means that geothermal drilling projects can often be financed for project developers and investors right from the start, even via banks. Daldrup acts neither as a financier nor as an insurer. The exploration risks are borne by third parties.

 

Über die Daldrup & Söhne AG

Daldrup & Söhne AG (ISIN: DE0007830572, WKN: 783057) with a company history of more than 75 years is a specialised provider of drilling and environmental services and is positioned among the leading companies in Germany. Its activities are divided into the business areas Geothermal, Resources & Exploration, Water Extraction and Environment, Development & Services (EDS). In the Geothermal Energy business sector, drilling services are provided both for near-surface geothermal energy (especially geothermal probes for heat pumps), but above all also drilling services for deep geothermal energy of up to 6,000 m, in order to use the geothermal energy thus accessible for the generation of electricity and/or heat. In the Raw Materials and Exploration business sector, the wells drilled by Daldrup & Söhne AG are used for exploration as well as mineral raw materials and ores (e.g. copper and gold). This division also provides drilling services in the context of finding a safe final repository for nuclear waste. The Water Extraction business area includes well construction for the extraction of drinking, industrial, medicinal, mineral, boiler feed or cooling water as well as thermal brine. The business area Environment, Development & Services (EDS) comprises special environmental engineering services such as the hydraulic remediation of contaminated sites, the construction of gas extraction wells for the extraction of landfill gas, the construction of groundwater quality measuring points or the construction of water purification plants.