Gaia Power acquires Aardyn
Gaia Power, previously Tullip Power, has acquired Aardyn BV, consolidating a formidable portfolio of 25 geothermal initiatives within the Netherlands.
Gaia Power B.V., previously Tullip Power Exploration & Growth B.V., has introduced the acquisition of Aardyn B.V. This marks a milestone within the Dutch geothermal sector, accelerating the purpose to understand a geothermal potential of 500 MW, unfold over a formidable portfolio of greater than 25 initiatives.
This fairness funding is meant for the exploitation and building of recent geothermal sources, strategically positioned alongside the prevailing geothermal actions inside Aardyn’s and Gaia Power’s portfolio.
Gaia Power has a partnership with IPS Geothermal Power Group and 85 Levels Renewable Group, by means of which joint growth initiatives have been undertaken for a lot of geothermal initiatives. This consortium collectively has a major variety of geothermal permits and belongings all through the Netherlands.
Aardyn is energetic as a full-service developer and operator in greenhouse horticulture and concrete areas. In recent times, it has constructed up a broad portfolio with numerous initiatives within the growth, building and energetic exploitation part with its personal crew of 35 passionate professionals.
Aardyn has three geothermal places that presently provide geothermal warmth to greenhouses and buildings: Aardwarmte Vierpolders, Haagse Aardwarmte Leyweg (HAL) and Duurzaam Voorne. Along with being an operator, Aardyn can be one of many shareholders within the Geothermal Power Delft challenge and has exploration permits at numerous places.
With the completion of this acquisition, Gaia Power and Aardyn have a strong and dependable portfolio of geothermal initiatives all through the Netherlands. With this mixed energy, the ambition is to develop into the main participant within the Dutch geothermal market and lay a strong basis for future growth into the European enviornment.
The efforts of Aardyn and Gaia Power are and can stay centered on the progress and realization of the greater than 25 energetic initiatives for which there’s presently an exploration allow. The intention of those initiatives is to offer the warmth transition within the Netherlands an enormous enhance over the following eight years by unlocking at least 500 MW of geothermal power.
With Aardyn’s intensive data, experience and sensible expertise in all phases of geothermal power extraction and along with the fastidiously chosen industrial and three way partnership companions from Gaia Power, there’s a extremely expert and broad crew that covers all facets of geothermal actions. This considerations the preliminary growth and building as much as and together with the continuing administration group, operation and additional optimization of current belongings. Within the brief time period, our shared precedence is the seamless integration of groups, processes and personnel.
“This acquisition marks a step in the direction of realizing our imaginative and prescient of sustainable geothermal power within the Netherlands. With a rising portfolio of initiatives and a robust crew, we’re able to additional advance the Dutch geothermal market,” mentioned Nico Kuipers, co-shareholder of Gaia Power.
“We’re happy with the journey that has introduced us thus far. With Gaia Power we see an thrilling future for our initiatives, our crew and for sustainable power within the Netherlands,” added Jos Huizing, co-shareholder Gaia Power.
“This acquisition permits us to proceed doing enterprise as Aardyn. The broader portfolio of initiatives and the mixed data and experience imply that we will contribute even higher and extra effectively to the warmth transition within the Netherlands with our numerous geothermal initiatives,” mentioned Bas van Dun, Director of Aardyn.
Supply: Aardyn and Geothermie Nederland
