DEVELOPING GEOTHERMAL PROJECTS BY MITIGATING RISKS WITH FINANCIAL INSTRUMENTS

The GEORISK project works to establish risk insurance all over Europe and in some key target third countries to cover risks associated with the development and the operation of a deep geothermal plant.

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GEORISK

Geothermal project development has several risky components, the most important one being the resource risk. Beyond exploration, the bankability of a geothermal project is threatened by this geological risk.

Risk insurance Funds for the geological risk already exist in some European countries (France, Germany, Iceland, The Netherlands, Denmark and Switzerland). The geological risk is a common issue all over the world. Outside Europe, the Geothermal Development Facility (GDF) for Latin America and the Geothermal Risk Mitigation Facility (GRMF) for Africa offer some risk mitigation tools. With the notable exception of these regions, project developers have very little capability to manage this financial risk.

The establishment of such risk insurance all over the world to cover the exploration phase and the first drilling (test) is key for a large development of deep geothermal. But it appears clear that a risk mitigation scheme must be designed, especially with the involvement of private financers, according to the market maturity of the sector in each country and region

The project, coordinated by EGEC, will be on-going for 30 months from October 1, 2018.

News

Following the successful GEORISK consultation webinar, attended by more than 40 stakeholders involve...

Partners developed an online risk register, which shows the list of all plausible risks faced by dev...

Georisk Helpdesk is online!

December 19, 2019

The helpdesk supports decision-makers and investors to set up an insurance scheme necessary for geot...

This seminar has been organised as a partnership between the European geothermal industry and Europe...

Events

LOCATION
Brussels

DATE
29 April 2020

TIME
tbc

This webinar will present the main results of the GEORISK project on de-risking measures for geother...

LOCATION
Brussels

DATE
07 January 2020

TIME
11:00 CET - 12:00 CET

The GEORISK project works to establish risk insurance all over Europe and in some key target third c...

LOCATION
Brussels

DATE
13 December 2019

TIME
08:30 - 14:30

This seminar has been organised as a partnership between the European geothermal industry and Europe...

LOCATION
Izmir

DATE
06 November 2019

TIME

6 November 2019 – from 14h00 to 18h00 + Dinner *simultaneous translation to Turki...

If you want to read more news about the project please visit our dedicated section

For more events visit the section

Frequently Asked Questions

Yes. The GEORISK results will be published in reports, factsheets and articles. It will also published in peer-reviewed papers and presented at events in Europe and worldwide.