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:
Failure of geothermal project due to unsuccessful wells is one of the most importants risks, every developer and investor has to face. Meanwhile many possibilities exist from private to public risk mitigation schemes. Some of them will be introduced here.
After developping a geothermal field, financing the first well is one of the biggest bottlenecks due to the high risk. Here also a smaller well size might be cost saving and reasonalbe for collecting experiences of the geothermal site. In this session financing models for the first stage of a geothermal project will be presented and discussed.
Many countires have excellent geothermal conditions. However, electricity prices do not coincide with the development cost of geothermal energy. One possibility so solve such challenges might be a closer cooperation between public finance institutions and private equity. Here development banks are invited as speakers to discuss about cooperations.