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

The GEORISK consultation survey is to better understand how the risk and the uncertainties associate...

The GEORISK Risk Register is online on our website! The GEORISK project is funded by the H2020 pr...

GEORISK WEBINAR

February 26, 2019

Geothermal project development faces several risky components, the most important one being the reso...

Events

LOCATION
Brussels

DATE
19 June 2019

TIME
14:00 - 15:30

The Policy Conference is the biggest European conference dedicated to renewables and efficient energ...

LOCATION
The Hague, Netherlands

DATE
11 June 2019 -
14 June 2019

TIME
10:00

GEORISK consortium will present its work at the European Geothermal Congress 2019. EGC2019 will b...

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.