Geothermal energy is a source of renewable heating, cooling, baseload electricity and lithium, critical for the success of the global energy transition. One of the chief barriers to successful, market-driven deployment of geothermal energy is the initial cost of drilling for the large-scale projects, constituting up to 70% of the total cost of a geothermal project. The resource risk threatens the bankability of a geothermal project, and it is a common issue for project developers all over the world. To address this issue, GEORISK project works to establish risk insurance all over Europe and in some key target third countries to cover this risk.
This webinar will explore the best practices to accelerate the development of geothermal energy across Europe, thanks to feedback from stakeholders from a wide array of European countries.