85 Degrees to Invest in Geothermal Project in Bleiswijk with New Permit Requirements
The geothermal cluster 85 Degrees is set to drill in Bleiswijk under new financial conditions from Dutch authorities. This includes setting aside funds for potential damages and project liabilities, essential for future operational stability.
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85 Degrees, a British/Dutch geothermal cluster, has received a permit to proceed with drilling in Bleiswijk through operator Aardyn. The Dutch government agency RVO emphasizes the need for the cluster to allocate financial reserves for unforeseen damages and liabilities associated with seismic activity.
The project includes drilling in Bleiswijk 2 and 3, targeting geothermal energy from multiple underground layers. Additionally, the province of Zuid-Holland is scrutinizing the environmental impact on groundwater resources. The ability of 85 Degrees to sustain financial growth amidst expanding project demands remains uncertain.
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