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Geothermal heating in France catching attention from investors

Geothermal heating in France catching attention from investors Cité des sciences et de l’industrie, Paris, France (source: flickr/ george kiwi, creative commons)
Francisco Rojas 9 Oct 2014

District Heating in France seems to be gaining traction for the first time in 30 years and this is also captivating the interest of investors.

As previously reported in ThinkGeoEnergy, France is giving geothermal a new chance as a viable, renewable option for district heating, looking into expanding its current network.

According to Think Advisor, France is “seeking to expand what is already the second biggest concentration of low-energy geothermal installations in the world after Iceland. Semhach SA is the operator of the largest geothermal network of its type in Europe at Villejuif, Chevilly-Larue and L’Hay-les-Roses.”

The same source says that this situation has also triggered the interest of investors, looking to invest in the new opportunity quoting Mr. Edward Guinness, portfolio manager of the Guinness Atkinson Alternative Energy Fund (GAAEX) “I think it’s a really exciting area.” While at present there are only a small handful of geothermal stocks, “at some stage the sector will really start to get attention,”

There are some underlying concerns and as usual, risk mitigation always plays a role but this is an interesting development happening in the heart of Europe.

To read the full article, please follow the link below:

Source: Think Advisor