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Developing geothermal and renewable energy projects by mitigating their risks.

Project description

Risk insurance in Europe against geological risk

Geothermal project development entails several risks, including geological risks such as not finding an economically sustainable geothermal resource after drilling. This threatens the bankability of a geothermal project. Although geological risk is a common issue all over Europe, risk insurance funds exist only in Denmark, France, Germany, Iceland, The Netherlands and Switzerland, limiting the capacity of project developers to manage financial risks. The EU funded GEORISK project will establish risk insurance all over Europe and in some key target third countries to cover the exploration phase and the first drilling (test).

Call for proposal

H2020-LC-SC3-2018-2019-2020

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Sub call

H2020-LC-SC3-2018-RES-SingleStage

Coordinator

EUROPEAN GEOTHERMAL ENERGY COUNCIL
Net EU contribution
€ 281 522,50
Address
2 Place Du Champ De Mars
1050 Bruxelles
Belgium

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Region
Région de Bruxelles-Capitale/Brussels Hoofdstedelijk Gewest Région de Bruxelles-Capitale/ Brussels Hoofdstedelijk Gewest Arr. de Bruxelles-Capitale/Arr. Brussel-Hoofdstad
Activity type
Other
Other funding
€ 281 522,50

Participants (14)

ASSOCIATION FRANCAISE DES PROFESSIONNELS DE LA GEOTHERMIE
France
Net EU contribution
€ 215 000,00
Address
77 Rue Claude Bernard
75005 Paris

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Region
Ile-de-France Ile-de-France Paris
Activity type
Other
Other funding
€ 215 000,00
BUREAU DE RECHERCHES GEOLOGIQUES ET MINIERES
France
Net EU contribution
€ 234 816,00
Address
3 Av Claude Guillemin
45060 Orleans

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Region
Centre — Val de Loire Centre — Val de Loire Loiret
Activity type
Research Organisations
Other funding
€ 234 816,00
TURKIYE BILIMSEL VE TEKNOLOJIK ARASTIRMA KURUMU
Türkiye
Net EU contribution
€ 103 125,00
Address
Ataturk Bulvari 221
06100 Ankara

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Region
Batı Anadolu Ankara Ankara
Activity type
Research Organisations
Other funding
€ 103 125,00
JEOTERMAL ELEKTRIK SANTRAL YATIRIMCILARI DERNEGI
Türkiye
Net EU contribution
€ 84 439,88
Address
1203/11 Sok No 3 D 4/409 Yenisehi Konak
35110 Izmir

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Region
Ege İzmir İzmir
Activity type
Other
Other funding
€ 84 439,88
GEOTERMIA EXPRESSZ MERNOKI TANACSADO IRODA KORLATOLT FELELOSSEGU TARSASAG
Hungary
Net EU contribution
€ 56 250,00
Address
Hant Utca 26/b
1223 Budapest

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SME

The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.

Yes
Region
Közép-Magyarország Budapest Budapest
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
Other funding
€ 56 250,00
MAGYAR BANYASZATI ES FOLDTANI SZOLGALAT
Hungary
Net EU contribution
€ 84 600,00
Address
Columbus Utca 17 23
1145 Budapest

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Region
Közép-Magyarország Budapest Budapest
Activity type
Public bodies (excluding Research Organisations and Secondary or Higher Education Establishments)
Other funding
€ 84 600,00
INSTYTUT GOSPODARKI SUROWCAMI MINERALNYMI I ENERGIA PAN
Poland
Net EU contribution
€ 131 850,00
Address
Ul. Jozefa Wybickiego 7a
31 261 Krakow

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Region
Makroregion południowy Małopolskie Miasto Kraków
Activity type
Research Organisations
Other funding
€ 131 850,00
CENTRE FOR RENEWABLE ENERGY SOURCES AND SAVING FONDATION
Greece
Net EU contribution
€ 163 125,00
Address
Marathonos 19th Km
19009 Pikermi

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Region
Ανατολική Αττική Aττική Αττική
Activity type
Research Organisations
Other funding
€ 163 125,00
ANONIMI ETAIRIA DIAXEIRISIS ANANEOSIMON PIGON ENERGEIAS
Greece
Net EU contribution
€ 79 600,00
Address
Kapodistriou 3,
15343 Agia Paraskevi

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Region
Βόρειος Τομέας Αθηνών Aττική Αττική
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
Other funding
€ 79 600,00
FEDERAL DEPARTMENT FOR ENVIRONMENT, TRANSPORT, ENERGY AND COMMUNICATIONS
Switzerland
Net EU contribution
€ 18 750,00
Address
Bundeshaus Nord
3003 Bern

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Region
Schweiz/Suisse/Svizzera Espace Mittelland Bern / Berne
Activity type
Public bodies (excluding Research Organisations and Secondary or Higher Education Establishments)
Other funding
€ 18 750,00
GEC-CO GLOBAL ENGINEERING & CONSULTING - COMPANY GMBH
Germany
Net EU contribution
€ 254 515,00
Address
Sterzinger Strasse 4
86356 Neusaess

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SME

The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.

Yes
Region
Bayern Schwaben Augsburg, Landkreis
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
Other funding
€ 254 515,00
BUNDESVERBAND GEOTHERMIE EV
Germany
Net EU contribution
€ 176 250,00
Address
Albrechtstrasse 22a
10117 Berlin

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Region
Berlin Berlin Berlin
Activity type
Other
Other funding
€ 176 250,00
TURKIYE KALKINMA BANKASI ANONIM SIRKETI
Türkiye
Net EU contribution
€ 77 875,00
Address
Izmir Caddesi No:35 Cankaya
06440 Ankara

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Region
Batı Anadolu Ankara Ankara
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
Other funding
€ 77 875,00
GEOTHERMIE-SCHWEIZ
Switzerland
Net EU contribution
€ 222 400,00
Address
Waldeggstrasse 41
3097 Liebefeld

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Region
Schweiz/Suisse/Svizzera Espace Mittelland Bern / Berne
Activity type
Other
Other funding
€ 222 400,00