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    Vulcan Energy Resources Limited: Vulcan receives 100 million euro funding commitment for heat supply project in Landau

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    • Vulcan secures €100M for Landau heat project.
    • Funding from German government and EU recovery funds.
    • Project aims to decarbonize district heating networks.

    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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    EQS-Adhoc Vulcan Energy Resources Limited: 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 …