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Acquisition of Energy Co-Invest Global (ECG), the Largest Shareholder of GEG, by the Renewable Energy Company Cindrigo

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Further exploration into Central European geothermal planned following Cindrigo’s acquisition of ECG

Tolhuaca volcanic area in Southern Chile

24 March 2022 — This industry-defining news will mean significant advancements in geothermal development throughout Central Europe, particularly in Croatia and Hungary. Cindrigo’s focus within the area of renewable energy is primarily geothermal power and related energy projects.

For GEG ehf., whose largest shareholder is ECG, this is an exciting opportunity to grow as a geothermal company and continue progressing with current ongoing geothermal projects (such as our Southern Chile and India cooling projects), as well as our work in local communities. Furthermore, this will mean that GEG can even more successfully fulfill our company goals towards sustainable development and to support the global clean energy transition.

Read the full story here at Think GeoEnergy, and the full press release from Cindrigo here on the London Stock Exchange website.

Learn more about our Portfolio of Projects and our Products & Services here on our website, as well.

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