EGEC organizes the Georisk Workshop on 7th October as part of the Praxisforum Geothermie.Bayern

  • 10 Jun 2019
  • by YE

The GEORISK project was established in 2018 and aims to develop financial schemes mitigating the impact of the resource risk by spreading it in such a manner that project developers can accept their fair share of it. This mitigation of the risk through financial instruments allows to lower the financial exposure of developers in case of failure to develop a geothermal reservoir.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 project. Once drilling has taken place, improved knowledge reduces the resource risk and makes it possible to attract external capital.The GEORISK project works to establish such risk insurances all over Europe and in some key target third countries to cover the exploration phase and the first drilling. The workshop at the Praxisforum is going to present the main project results and discusses them with Key stakeholders. The workshop will take place on 7th October 2019 and will be held in English. The participation is free of charge, however, registration is necessary.