Flores, an Indonesian island named for its beautiful flora, is the test-bed of a newly adapted classification guidelines for geothermal projects. Called the ‘UNFC Geothermal Specifications,’ this United Nations’ adapted resource classification system is for the first time being piloted on the small island with the support of IRENA, the International Geothermal Association (IGA) and the World Bank.
Committed to improving socio-economic conditions through stable and reliable energy access, some countries with the right geothermal resources are pursuing geothermal energy. Challenging this pursuit, however, has been the struggle to attract financing — showing that to succeed a geothermal project needs to be more than just technically possible.
From 20 to 23 of April, 2018, IRENA and partners from the IGA and World Bank shared with Indonesian government officials and geothermal project investors how the UNFC system can help classify Flores’s numerous geothermal fields — acknowledging the difference between technical feasibility and economic viability.
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