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Daldrup & Söhne AG wins EU-wide tender for major geothermal energy contract
Daldrup & Söhne AG wins EU-wide tender for major geothermal energy
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[{"type":"text","content":"\n\n\nEQS-News: Daldrup & Söhne AG\n\n\n / Key word(s): Incoming Orders/Dividend\n\n\n\n\n\nDaldrup & Söhne AG wins EU-wide tender for major geothermal energy contract \n\n\n\n\n\n\n21.07.2025 / 06:50 CET/CEST\n\n\n\nThe issuer is solely responsible for the content of this announcement.CORPORATE NEWSDaldrup & Söhne AG wins EU-wide tender for major geothermal energy contractOrder value in the high double-digit million Euro range\n HV dividend proposal: EUR 0.15 per shareOberhaching / Ascheberg, July 21, 2025 – Drilling technology and geothermal energy specialist Daldrup & Söhne AG (ISIN DE0007830572) has won the EU-wide tender issued by Innovative Energie für Pullach GmbH[1] (IEP GmbH) in Pullach for the drilling of seven geothermal wells. The project will start when the planned discovery insurance under the KfW 572 program comes into effect. This will happen when the federal budget is passed at the end of September. As general contractor, Daldrup will start drilling at the Pullach South and Baierbrunn sites in December 2025 and continue for around two and a half years to extract geothermal energy from the Malm deposit (Upper Jurassic). Depending on the results, Daldrup will drill up to three additional wells. This is the largest single project in the company's history. The estimated contract value will be in the upper double-digit million Euro range. Daldrup expects drilling lengths of between 4,000 m and 5,100 m and temperatures between 122°C and 142°C.\n\n \n\nAndreas Tönies, CEO of Daldrup & Söhne AG, describes the project as follows: \"Winning this major project is not only a vote of confidence in the expertise of Daldrup & Söhne AG, it is also a milestone for the economic viability of geothermal energy development in Germany. The high number of boreholes at two neighboring sites brings significant efficiency benefits in terms of preparation, project management, and project execution. This serves as a model and can be used as a blueprint for many municipalities in southern and northern Germany. Synergies from larger orders will reduce development costs, making geothermal energy even more attractive for heat supply.\n\n \n\nThe IEP project in Pullach increases the value of Daldrup & Söhne AG's order book to over EUR 130 million. At the same time, it confirms the value of the relevant mark...