ThinkGeoEnergy and Enerchange invite to the first global geothermal investment forum in Frankfurt/ Main in Germany. Held in the center of Europe’s financial sector, the event will be focusing on important elements of investing in geothermal energy development, such as risk mitigation, early stage financing, market incentives, blended financing options, multi-player projects and exit strategies.
With an increasing interest in development in growth markets, such as Turkey, Indonesia, Africa, Europe, Latin America and others, development continues to face the challenge of attracting adequate funding for projects particularly in the early stages of development. While multilateral programs and development banks are helping development in early stages, there is still insufficient equity funding available to move geothermal projects forward.
The IGC Invest Geothermal event aims to create an annual forum and platform for geothermal industry geothermal industry (GI) leaders and international investors, including private equity, infrastructure, debt, institutional investors and public equity funds, as well as public funding partners such as development banks, funds and institutions. It further is set up to help increase awareness among investors and the geothermal energy industry to educate about opportunities and challenges of investments in energy infrastructure development globally.
The World Bank Group is a multilateral organization, whose members include most of the world’s countries. Five institutions make up the World Bank Group to collectively serve as a vital source of financial and technical assistance to developing countries, among them the International Bank for Reconstruction and Development (IBRD), the International Finance Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA).
Rödl & Partner is an international company for audit, legal, tax and business consultancy with more than 3,500 partners and collaborators in 91 own places in 40 countries. As one of the first consultancies in Germany, Rödl & Partner began already several years ago, to take care on questions of development, implementation and financing of deep geothermal projects.
EGEC, the European Geothermal Energy Council, is a non-profit international organisation founded in 1998 to promote the European geothermal industry and enable its development both in Europe and worldwide, by shaping policy, improving business condition, and driving more research and development.
The speakers will give an overview about the technology and related actual financing topics and introduce the challenges and solutions in this framework.
In the different countries various support schemes were developed by the state to stimulate the geothermal development. This also guarantees a continous project development. Very popular are feed-in tariffs and risk insurance schemes for initiating the geothermal development. One of the question arising is how long a public feed-in tariff should be prolonged and sould ther be a slight degression or a sudden end of the support? This will be presented and discussed with examples from different countries, lead by EGEC.
Countries in the focus are:
The country risks and especially the geological risk are the main challenges for developers and investors to face. In particular with respect to long development periods the question "How to handle risks?" arises - this will also be the focus in this session. Speakers from private companies, public bodies and donors give their views and introduce programms for de-risking geothermal.
After developping a geothermal field, financing the first well is one of the biggest bottlenecks due to the high risk of success. Here also a smaller well size might be cost saving and reasonable for collecting experiences of the geothermal site. In this session financing models for the first stage of a geothermal project are introduced in a panel discussion with various early stage investors. But also for the exit and project finance will be considered with Due Dilligence and Best pracitce examples which are presented and discussed.
Many countires have excellent geothermal conditions. However, electricity prices do not coincide with the development cost of geothermal energy. One possibility to solve such challenges might be a closer cooperation between public finance institutions and private equity. Here development banks, donors and investors are invited to discuss about cooperations.
GeoTermico is an investment vehicle aimed at early to mid-stage geothermal energy projects worldwide. We will enter geothermal projects, based on a phased approach, where initial exploration work has been conducted. We will carry out all necessary exploration and drilling activity and look to exit once the resource is proven based on the advice and experience of our team.
ThinkGeoEnergy, is a geothermal focused advisory firm working for corporate clients on strategic, marketing and corporate finance related activities.
The firm operates the leading geothermal news website and network, covering the complete value chain of the geothermal power sector and industrial scale direct use sector globally.
The Informationsportal Tiefe Geothermie is the content strongest and most actual news plattform about deep geothermal energy in the German speaking area. The website offers in addition to the news a monthly newsletter and an extensive mercantile directory related to the news and German geothermal projects.
ERDÖL ERDGAS KOHLE is a technical and scientific professional journal about natural gas, oil and petrochemistry with an extensive news section, that has been published for 133 years. The specific topics deal with geotechnics, exploration, drilling and production technology, reservoir technology, processing, transportation and storage of gas, petrochemical engineering, energy production from geothermal energy and biomass.
JeotermalHaberler is the new geothermal news platform for the Turkish market in Turkish language. The is a collaboration between ThinkGeoEnergy, the leading global geothermal news platform and Enerchange. Website: www.jeotermalhaberler.com