September 30, 2021
Brussels, 30 October 2021 - Press Release: Geothermal risk mitigation established by the EU’s le...
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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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.
September 30, 2021
Brussels, 30 October 2021 - Press Release: Geothermal risk mitigation established by the EU’s le...
September 29, 2021
In this video tutorial of 30 minutes, Thomas Le Guenan from BRGM, GEORISK partner, explains step by ...
September 24, 2021
After three years of GEORISK project, where are we with geothermal risk mitigation schemes? The G...
The final report of GEORISK has been published. The main content of the publication is: - The...
LOCATION
online
DATE
09 September 2021 -
09 August 2021
TIME
14:00 - 16:00
Best practices to accelerate investments in geothermal projects in Europe WEBINAR agenda Thurs...
LOCATION
Brussels
DATE
28 June 2021
TIME
14:00 - 16:30
Geothermal energy is a source of renewable heating, cooling, baseload electricity and lithium, criti...
LOCATION
Offenburg
DATE
25 June 2021
TIME
10:30 - 11:30
Geothermal energy is a source of renewable heating, cooling, baseload electricity and lithium, criti...
LOCATION
Online
DATE
16 November 2020 -
18 November 2020
TIME
On 16-18 November 2020, GEORISK was presented at GET2020. Download the presentation ...
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.