Europe: Presentation on Geothermal Risk Assessment and Risk Mitigation Tools Project

Webinar - Geothermal risk assessment and risk mitigation tools: stakeholder consultation and the presentation of early results (EGEC)

Tuesday February 26, 11:00-12:00 CET

Geothermal project development faces several risky components, the most important one being the resource risk. This concerns mainly deep geothermal projects, but some shallow geothermal open systems could also be included in this category of projects. This resource risk includes:

• The short-term risk of not finding an economically sustainable geothermal resource after drilling;
• The long-term risk of the geothermal resource naturally depleting rendering its exploitation economically unprofitable. Until the first borehole has been drilled into the geothermal reservoir, developers cannot be sure about the exact parameters (temperature and flow rate) of the planned geothermal electricity or h&c project.

Once drilling has taken place, data and measurement reduce the resource risk and make it possible to attract external capital.

The GEORISK project will work to establish risk insurance schemes all over Europe. These schemes have already proven their effectiveness in mitigating the geothermal resource risk in 6 European countries. It appears clear that a risk mitigation scheme must be designed according to the market maturity of the sector.

This webinar will present the preliminary results of the GEORISK project, which is working from October 2018 to prepare a risk register and a risk assessment tool to serve as a technical basis for risk measurement, and to propose risk mitigation tools to establish such insurance schemes at scale, according to best practices.

The webinar will also be open to inputs and questions by participants, which are welcome to provide their perspective or comment on the methodology of the project.

Register.........