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Slatina-3 Geothermal Exploration Field Acquisition

Sector: Geothermal • Location: Slatina, Virovitica-Podravina, Croatia

Source: Balkan Green Energy News

Project
Acquired

Investor Jordan Alexander Oxley has acquired the Slatina-3 geothermal exploration field near Slatina in Croatia. The field was previously owned by EES Dravacell Energy, which went bankrupt. The project initially planned to build a 20 MW geothermal power plant but was withdrawn by the previous owner, Cindrigo, after investing GBP 5 million. Oxley was the sole bidder and purchased the property for E

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Project Information

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The project “Slatina-3 Geothermal Exploration Field Acquisition” is an infrastructure initiative in the Geothermal sector, located in Slatina, Virovitica-Podravina, Croatia. Taiyo aggregates data on it from Balkan Green Energy News.

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Description

Description

Investor Jordan Alexander Oxley has acquired the Slatina-3 geothermal exploration field near Slatina in Croatia. The field was previously owned by EES Dravacell Energy, which went bankrupt. The project initially planned to build a 20 MW geothermal power plant but was withdrawn by the previous owner, Cindrigo, after investing GBP 5 million. Oxley was the sole bidder and purchased the property for EUR 400,000, taking over the exploration well while bankruptcy proceedings continue.

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