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Geothermal district heating investment worth EUR 200 million starts in Bucharest

By District Energy posted 03-03-2026 14:51

  

Balkan Green Energy News

Summary

Geothermal well developer and operator Green Tech International announced within its preliminary 2025 earnings report that it would conduct a EUR 200 million investment in the modernization and decarbonization of Bucharest’s district heating system, called SACET. The project is for the integration of geothermal energy.

Existing geothermal wells in the northern part of the capital would be connected to a future geothermal plant of over 595 GWh in annual thermal energy output. Notably, it would correspond to some 70 MW in capacity. The new system will reduce carbon dioxide emissions by 127,000 tons per year and avoid more than 1.9 million tons of CO₂ over the project’s assessment period, the management said.

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