Denmark’s Sampension has invested in geothermal energy company, Innargi, through its partnership with NRGi.

Innargi was founded by AP Møller Holding and is about to establish the EU's largest plant within geothermal energy in Aarhus, where it is expected that the plant will deliver 20 per cent of the district’s heating by 2030. The company has also won the licenses for geothermal energy in the metropolitan area.

Sampension head of properties and infrastructure, Torbjørn Lange, said: “At Sampension, we have a strong focus on contributing to the green transition, which will require a future combination of several different technologies within sustainable energy. Here, geothermal energy has huge potential in relation to being able to contribute to green district heating in both Denmark and several European cities.”

Geothermal energy is based on the renewable heat energy from the earth's interior and is a very stable renewable energy source as opposed tothe sun and wind that have varying production. Just 1-3 km below Denmark's subsoil, there is 60-80 degrees hot water in many places. In a geothermal system, water is pumped into the subsoil, heated and transferred to the district heating network, after which the cooled water is pumped down again in a closed system.

“With the investment, we are now co-owners of various platforms within both solar, wind, biogas and geothermal and thus have a solid portfolio of existing sustainable energy assets. At the same time, this means that we are very well equipped to be able to invest further and broadly based in the necessary further development of green energy in Denmark and Europe,” Lange said.

NRGi Renewables owns 49 per cent of the Sampension community and 51 per cent of NRGi and contains - in addition to the Innargi investment - a portfolio of existing wind and solar parks as well as development projects within wind and solar.

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