We provided model audit advice to Equitix on the refinancing of Grünwald Equity Geothermie GmbH, an operating combined heat and power geothermal plant located in Bavaria.
The plant, which is connected to a district heating network, was commissioned in 2014 and has 42 years of remaining operating life. It has an electricity generation capacity of 5.5 MWel, with an expected annual production of circa 34 GWh. Its estimated yearly heat generation capacity is around 43 GWh.
We also acted as model auditor to Equitix on the acquisition of the asset in early 2022.