US EditionMunich Re Wants to Enable Geothermal Energy
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Munich Re cooperates with the Förderbank Kfw and the Federal Ministry of Economic Affairs to enable geothermal projects. These are often associated with particularly high risks, which deter investors – and also the insurers. However, a new law and the German funds are to create incentives for the expansion of renewable energy. In order to obtain energy from geothermal energy, deep holes must be drilled into the ground. [...]
The reinsurer Munich Re, together with the state funding bank KfW and the Federal Ministry for Economic Affairs and Energy (BMWE), is launching a protection for geothermal projects. In order to tap into the hot springs at thousands of metres depth, municipalities are taking high risks – in the event of a failure of the millions of projects, the reinsurer wants to pay far-reaching compensation. The contribution Munich Re wants to secure geotherma…
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