Decarbonising cities with geothermal district heating: how to finance it?

December 17, 2019

This seminar has been organised as a partnership between the European geothermal industry and European local authorities committed to the energy transition to facilitate the uptake of this clean renewable energy technology. In particular, this workshop organized in the framework of the GEORISK project and the HeatNet NWE project in association with the Covenant of Mayors has aimed at best answering the following issues:

  • Role of local planning in enabling RES investments, notably for heating and cooling
  • Impact of local authorities in enabling the business model of geothermal projects
  • Barriers to deploying geothermal district heating and cooling projects
  • Policy solutions for facilitating deployment of geothermal district heating and cooling
  • Financing geothermal projects

*The HeatNet NWE Project is co-funded by the EU Interreg North-West Europe Programme.

Agenda of the event


Presentations online:

Presentation of the GEORISK Project: Philippe Dumas, EGEC

Presentation by Covenant of Mayors: Fréderic Boyer, Energy Cities – Head of Covenant of Mayors Office

European Commission, DG ENER: Eva Hoos


Session 1. Decarbonize cities with geothermal District Heating

• Heating and cooling master planning, example from the HotMaps project – Julien Joubert, Energy Cities

• Presentation of geothermal market report, Thomas Garabetian, EGEC

• Assessing the risks associated with geothermal DH, Christian Boissavy, AFPG/GEODEEP

• Case study: Case study of Strasbourg Eurométropole – Gerard Pol-Gili



Session 2. De-risking and Financing the deployment of geothermal DH

• Presentation GEORISK conclusions on geothermal risk mitigation schemes, Katharina Link, Geothermie Schweiz

• Presentation of business models for DH schemes from HeatNet NWE project – focus on Mijnwater example – Benoit Hofer, Cap Construction

• Roland Schultze, EIB

Case study on crowdfunding – Lorraine Devouton, Engie