Cindrigo is a developer of clean baseload power plants. The company is primarily focused on biomass and geothermal energy solutions across Europe.

BIOMASS: delivering sustainable heat, power, and biofuels, especially in hard-to-decarbonise sectors. Sustainably sourced biomass is a crucial part of decarbonising energy production.

GEOTHERMAL: heat from geothermal resources provides local heating and drives steam turbines. Reduces carbon emissions by avoiding grid emissions from fossil fuel baseload.

As the coordinating project owner, Cindrigo is poised to become a significant renewable energy provider. Value creation by Cindrigo is intended to be driven by the efficient use of resources, consistent with the Company’s core expertise in leading projects as a developer, that result in its development as an Independent Power Producer (“IPP”).

Technology and operating risks are the lowest in the sector and projects eminently financeable.

Utilising the natural heat of the earth, geothermal energy is arguably the world’s largest untapped source of renewable energy. The drive to decarbonise and to increase domestic energy security has led to increased policy initiatives in the EU to scale up geothermal energy.

Geothermal power is prioritised for its large-scale, stable baseload energy, crucial for grid stability and replacing fossil fuels. Increased energy demands and challenging climate targets, set after COP26 and intensified by the Ukraine crisis, have elevated baseload and geothermal importance for energy independence. Large geothermal license areas allow reduction of other non-environmental baseload energy plants, such as fossil plants, and complement the growing amount of intermittent energy sources like solar and wind, to stabilise the grid. Geothermal energy plants small footprint and clean output, producing only water vapor, result in minimal environmental impact and broad public acceptance.

The European Union (EU) supports research and development of the geothermal technologies and sector with funding of projects on both direct use of heat and the use of extracted heat to generate electricity, through an array of activities based on two major policy initiatives: the European Green Deal and the SET-Plan.