The GEORISK Risk Register is online on our website!
The GEORISK project is funded by the H2020 programme under grant number 818232. It started in October 2018 and has a duration of 30 months. The coordinator is EGEC and there are 15 partners in total representing countries with various level of maturity regarding their deep geothermal energy market. One of the main risk faced by developers of geothermal energy is the “resource risk”, linked with the uncertainties of the subsurface and geological objects. Few countries (France, Germany, Iceland, The Netherlands, Denmark and Switzerland) have developed risk insurance funds in order to cover this type of risk. The GEORISK project will work to establish such risk insurance all over Europe and in some key target third countries.
Before designing such insurance scheme, it is important to provide a thorough understanding of the main risks faced by developers and operators, and the first step in a better understanding of the risks is the identification of all the risks. The objective of this report is to present the construction of the GEORISK risk register.