The right risking mitigation schemes for different geothermal markets


  • DATE OF THE EVENT: April 29, 2020
  • TIME: 15:00 - 17:00
  • LOCATION: Webinar

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. The GEORISK project works to establish risk insurance all over Europe and in some key target third countries to cover the resource risk. It appears clear that a de-risking scheme must be designed according to the market maturity of the sector.

This webinar discussed some key results of the GEORISK project with our experts.


15h00 : Welcome & Presentation of the GEORISK Project: Philippe Dumas, EGEC
15h00 – 15h30 Session 1: Understanding geothermal de-riskingConsultation on the GEORISK Risk Register and Risk Assessment Tool: Thomas Le Guenan (BRGM) tbcProposal for the right scheme for the right market: conditions for schemes according to market maturity: Ferid Seyidov  (Gec-co)Feedback from Advisory Committee: Paul Ramsak (RVO)Discussion with participants

15h30 – 16h10 Session 2: Geothermal risk mitigation schemes in EuropeThe French example: Christian Boissavy, AFPGThe Swiss example: Nicole Lupi, SFOERoundtable discussion: Feedbacks from GEORISK partners:

  • Poland: Beata Kepinska (PASMEERI)
  • Hungary: Attila Kujbus (Geoex)
  • Turkey: Cannur Bozkurt (JESDER)
  • Greece: Spyros Karytsas (CRES)

Discussion with participants

16h10 – 16h50 Session 3: Global overview on risk mitigationDeep geothermal market & opportunity analysis: Virginie Schmidlé-Bloch (AFPG) Establishing a geothermal risk mitigation scheme in third countries:

  • World Bank: Elin Hallgrimsdottir (The World Bank)
  • Kenya: Meseret Teklemariam  Zemedkun (Head, Energy Unit UN Environment, Africa office)
  • Chile: Carlos Jorquera (Jorka Energy)

Discussion with participants

16h50 – 17h00: Conclusion

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