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.
It appears clear that a de-risking scheme must be designed according to the market maturity of the sector. This webinar therefore aimed to present the first results of the GEORISK project and to create a discussion between the project partners, the members of the Advisory Committee and international audience.
Moderator: Philippe Dumas, EGEC
14h00 – 14h15 Welcome & presentation of the GEORISK project, Philippe Dumas, EGEC
14h15 – 15h15 Session 1: Unlocking geothermal investment with GEORISK tools
Feedback from Alexander Richter, Iceland Renewable Energy Cluster
Discussion between panelists and participants
15h15 – 16h30 Session 2: Successful risk mitigation schemes – international case studies
Feedback from Matthias Tönnis, Munich Re (Group)
Q&A session and roundtable discussion
16h30: Concluding remarks, Philippe Dumas, EGEC
For more information about the project, head to: www.georisk-project.eu
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