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GEORISK SIGNED

Developing geothermal and renewable energy projects by mitigating their risks.

Total Cost €

EC-Contrib. €

Partnership

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GEORISK project word cloud

Explore the words cloud of the GEORISK project. It provides you a very rough idea of what is the project "GEORISK" about.

france issue germany resource geological confirmation pump capital risky shallow electricity netherlands reservoir notable tests geothermal rendering flow developers exact iceland switzerland temperature bankability drilled until ipp depleting sustainable countries appears reduce external first clear attract surface little cover deep funds exploration market financial category capability economically threatened georisk naturally unprofitable mainly six scheme risk rate place mitigation maturity components designed sure insurance hydrological exception denmark borehole situ exist drilling once

Project "GEORISK" data sheet

The following table provides information about the project.

Coordinator	EUROPEAN GEOTHERMAL ENERGY COUNCIL Organization address address: 2 PLACE DU CHAMP DE MARS city: BRUXELLES postcode: 1050 website: n.a. contact info title: n.a. name: n.a. surname: n.a. function: n.a. email: n.a. telephone: n.a. fax: n.a.
Coordinator Country	Belgium [BE]
Total cost	2˙184˙118 €
EC max contribution	2˙184˙118 € (100%)
Programme	1. H2020-EU.3.3.2. (Low-cost, low-carbon energy supply) 2. H2020-EU.3.3.7. (Market uptake of energy innovation - building on Intelligent Energy Europe) 3. H2020-EU.3.3.3. (Alternative fuels and mobile energy sources)
Code Call	H2020-LC-SC3-2018-RES-SingleStage
Funding Scheme	CSA
Starting year	2018
Duration (year-month-day)	from 2018-10-01 to 2021-03-31

Partnership

Take a look of project's partnership.

#	participants	country	role	EC contrib. [€]
1	EUROPEAN GEOTHERMAL ENERGY COUNCIL EUROPEAN GEOTHERMAL ENERGY COUNCIL Organization address address: 2 PLACE DU CHAMP DE MARS city: BRUXELLES postcode: 1050 website: n.a. contact info title: n.a. name: n.a. surname: n.a. function: n.a. email: n.a. telephone: n.a. fax: n.a.	BE (BRUXELLES)	coordinator	281˙522.00
2	GEC-CO GLOBAL ENGINEERING & CONSULTING - COMPANY GMBH GEC-CO GLOBAL ENGINEERING & CONSULTING - COMPANY GMBH Organization address address: STERZINGER STRASSE 4 city: NEUSAESS postcode: 86356 website: n.a. contact info title: n.a. name: n.a. surname: n.a. function: n.a. email: n.a. telephone: n.a. fax: n.a.	DE (NEUSAESS)	participant	254˙515.00
3	BUREAU DE RECHERCHES GEOLOGIQUES ET MINIERES BUREAU DE RECHERCHES GEOLOGIQUES ET MINIERES Organization address address: 3 AV CLAUDE GUILLEMIN city: ORLEANS postcode: 45060 website: www.brgm.fr contact info title: n.a. name: n.a. surname: n.a. function: n.a. email: n.a. telephone: n.a. fax: n.a.	FR (ORLEANS)	participant	234˙816.00
4	GEOTHERMIE-SCHWEIZ GEOTHERMIE-SCHWEIZ Organization address address: WALDEGGSTRASSE 41 city: LIEBEFELD postcode: 3097 website: n.a. contact info title: n.a. name: n.a. surname: n.a. function: n.a. email: n.a. telephone: n.a. fax: n.a.	CH (LIEBEFELD)	participant	222˙400.00
5	ASSOCIATION FRANCAISE DES PROFESSIONNELS DE LA GEOTHERMIE ASSOCIATION FRANCAISE DES PROFESSIONNELS DE LA GEOTHERMIE Organization address address: 77 RUE CLAUDE BERNARD city: PARIS postcode: 75005 website: n.a. contact info title: n.a. name: n.a. surname: n.a. function: n.a. email: n.a. telephone: n.a. fax: n.a.	FR (PARIS)	participant	215˙000.00
6	BUNDESVERBAND GEOTHERMIE EV BUNDESVERBAND GEOTHERMIE EV Organization address address: ALBRECHTSTRASSE 22A city: BERLIN postcode: 10117 website: n.a. contact info title: n.a. name: n.a. surname: n.a. function: n.a. email: n.a. telephone: n.a. fax: n.a.	DE (BERLIN)	participant	176˙250.00
7	CENTRE FOR RENEWABLE ENERGY SOURCES AND SAVING FONDATION CENTRE FOR RENEWABLE ENERGY SOURCES AND SAVING FONDATION Organization address address: MARATHONOS 19TH KM city: PIKERMI postcode: 19009 website: http://www.cres.gr contact info title: n.a. name: n.a. surname: n.a. function: n.a. email: n.a. telephone: n.a. fax: n.a.	EL (PIKERMI)	participant	163˙125.00
8	INSTYTUT GOSPODARKI SUROWCAMI MINERALNYMI I ENERGIA PAN INSTYTUT GOSPODARKI SUROWCAMI MINERALNYMI I ENERGIA PAN Organization address address: UL. JOZEFA WYBICKIEGO 7A city: KRAKOW postcode: 31 261 website: www.min-pan.krakow.pl contact info title: n.a. name: n.a. surname: n.a. function: n.a. email: n.a. telephone: n.a. fax: n.a.	PL (KRAKOW)	participant	131˙850.00
9	TURKIYE BILIMSEL VE TEKNOLOJIK ARASTIRMA KURUMU TURKIYE BILIMSEL VE TEKNOLOJIK ARASTIRMA KURUMU Organization address address: Ataturk Bulvari 221 city: ANKARA postcode: 6100 website: www.tubitak.gov.tr contact info title: n.a. name: n.a. surname: n.a. function: n.a. email: n.a. telephone: n.a. fax: n.a.	TR (ANKARA)	participant	103˙125.00
10	MAGYAR BANYASZATI ES FOLDTANI SZOLGALAT MAGYAR BANYASZATI ES FOLDTANI SZOLGALAT Organization address address: COLUMBUS UTCA 17 23 city: BUDAPEST postcode: 1145 website: www.mbfh.hu contact info title: n.a. name: n.a. surname: n.a. function: n.a. email: n.a. telephone: n.a. fax: n.a.	HU (BUDAPEST)	participant	84˙600.00
11	JEOTERMAL ELEKTRIK SANTRAL YATIRIMCILARI DERNEGI JEOTERMAL ELEKTRIK SANTRAL YATIRIMCILARI DERNEGI Organization address address: 1203/11 SOK NO 3 D 4/409 YENISEHI KONAK city: IZMIR postcode: 35110 website: n.a. contact info title: n.a. name: n.a. surname: n.a. function: n.a. email: n.a. telephone: n.a. fax: n.a.	TR (IZMIR)	participant	84˙439.00
12	ANONIMI ETAIRIA DIAXEIRISIS ANANEOSIMON PIGON ENERGEIAS ANONIMI ETAIRIA DIAXEIRISIS ANANEOSIMON PIGON ENERGEIAS Organization address address: KAPODISTRIOU 3, city: AGIA PARASKEVI postcode: 15343 website: n.a. contact info title: n.a. name: n.a. surname: n.a. function: n.a. email: n.a. telephone: n.a. fax: n.a.	EL (AGIA PARASKEVI)	participant	79˙600.00
13	TURKIYE KALKINMA BANKASI ANONIM SIRKETI TURKIYE KALKINMA BANKASI ANONIM SIRKETI Organization address address: IZMIR CADDESI NO:35 CANKAYA city: ANKARA postcode: 6440 website: n.a. contact info title: n.a. name: n.a. surname: n.a. function: n.a. email: n.a. telephone: n.a. fax: n.a.	TR (ANKARA)	participant	77˙875.00
14	GEOTERMIA EXPRESSZ MERNOKI TANACSADO IRODA KORLATOLT FELELOSSEGU TARSASAG GEOTERMIA EXPRESSZ MERNOKI TANACSADO IRODA KORLATOLT FELELOSSEGU TARSASAG Organization address address: HANT UTCA 26/B city: BUDAPEST postcode: 1223 website: n.a. contact info title: n.a. name: n.a. surname: n.a. function: n.a. email: n.a. telephone: n.a. fax: n.a.	HU (BUDAPEST)	participant	56˙250.00
15	FEDERAL DEPARTMENT FOR ENVIRONMENT, TRANSPORT, ENERGY AND COMMUNICATIONS FEDERAL DEPARTMENT FOR ENVIRONMENT, TRANSPORT, ENERGY AND COMMUNICATIONS Organization address address: Bundeshaus Nord city: BERN postcode: 3003 website: www.uvek.admin.ch contact info title: n.a. name: n.a. surname: n.a. function: n.a. email: n.a. telephone: n.a. fax: n.a.	CH (BERN)	participant	18˙750.00

Map

Project objective

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. The geological 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, in situ pump tests, temperature and hydrological measurements then reduce the resource risk and make it possible to attract external capital. Risk insurance Funds for the geological risk already exist in some European countries (France, Germany, Iceland, The Netherlands, Denmark and Switzerland). The geological risk is a common issue all over Europe. With the notable exception of these six countries, project developers have very little capability to manage this financial risk. GEORISK project will work to establish such 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.

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The information about "GEORISK" are provided by the European Opendata Portal: CORDIS opendata.