7-9 October 2019 | Munich, Germany | TIME: 14:00 – 18:00
Geothermal project development has 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. Beyond exploration, the bankability of a geothermal project is threatened by this geological risk.
GEORISK project works to establish risk insurance all over Europe and in some key target third countries to cover the exploration phase and the first drilling (test). It means activities to be funded before financial institutions and IPP funding the confirmation drilling and surface systems. It appears clear that a risk mitigation scheme must be designed according to the market maturity of the sector.
This workshop aims at identifying the conditions for a transition in the insurance schemes, according to market maturity for geothermal projects. This will notably include a presentation of the first results of the GEORISK project.
The workshop aims to create a discussion between the project partners, the members of the Advisory committee and the other participants to the workshop.