Idex invests €42.2mn in Nice geothermal network for 30 years
Idex signs a 30-year contract with the Nice Côte d’Azur Metropolis to develop GéotherNice, a heating network using 82% renewable energy and artificial intelligence-based control.
| Sector | Énergie Géothermique |
|---|---|
| Theme | Investissements & Transactions, Développement de projets, Financement |
French energy group Idex has signed a 30-year concession agreement with the Nice Côte d’Azur Metropolis to develop and operate GéotherNice, a geothermal district heating network in the southeastern region. The €42.2mn ($45.6mn) project will tap into the Var alluvial aquifer and benefit from €16.5mn ($17.8mn) in public subsidies.
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