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Video – Webinar on Geothermal Risk Assessment and de-risking tools/ EGEC

GeoRisk Project website (screenshot)
Alexander Richter 17 Oct 2019

The European Geothermal Energy Council (EGEC) has published the recording of a webinar held last month as part of the GeoRisk Project.

The European Geothermal Energy Council (EGEC) has published the recording of a webinar held last month as part of the GeoRisk Project. The GEORISK project works to establish risk insurance all over Europe and in some key target third countries to cover risks associated with the development and the operation of a deep geothermal plant.

The market for geothermal energy in Europe has enjoyed significant growth for the past 5 years. Today, there are nearly 300 geothermal district heating systems in operation in Europe, with a total installed capacity of about 5 GWth. Total installed power capacity is now more than 3 GWe.

The power sector has doubled its capacity in 6 years. Meanwhile, the shallow geothermal sector is displaying continuous growth, approaching the threshold of 2 million units installed.

Geothermal project development has several risky components, the most important one being the resource risk. The GEORISK project works to establish risk insurance all over Europe and in some key target third countries to cover risks associated with the development and the operation of a deep geothermal plant. More info at www.georisk-project.eu