Geothermal energy is a renewable energy with many advantages; it is base load, local, flexible and environmentally friendly. Investors should be encouraged to take part in its promising development.
Despite this, its penetration into the energy market remains difficult. Although profits can easily be made, investors consider the geothermal resource as risky and are therefore reluctant to commit to projects.
The geological risk is a common issue all over Europe, the GEOELEC project calls for the establishment of a Geothermal Risk Insurance Fund at the EU level and, to this end, publishes today a report outlining such a scheme.
The report can be found here (PDF).
