Geothermal Investment Guide

• Main Authors: Serdjuk, M., Reif, T., Dumas, Philippe, Angelino, Luca, Tryggvadóttir, L.
• Format: Text
• Language: English
• Published: Zenodo 2013
• Subjects: geothermal energy; europe; non technical; economics; market development; Iceland
• Online Access: https://dx.doi.org/10.5281/zenodo.1284059; https://zenodo.org/record/1284059

Chapter 1 of this GEOELEC Investment Guide on Geothermal Electricity provides the essential background to the reader by spanning the range of existing technologies, highlighting their many attractive benefits, and taking a snapshot to the current market development and future economic potential of geothermal electricity. Chapter 2 is an overview of the several phases of, and of the necessary interdisciplinary expertise needed for, a geothermal electricity project. Chapter 3 analyses the crucial factors for the economic success of project, the different level of risks involved in the various phases and the options to finance each of these phases. This chapter also presents a breakdown of the significant capital costs in these kind of projects. Chapter 4 looks at the revenues of a geothermal power (or cogeneration) plant, including the incentives in place in Europe. Chapter 5 deals with the legal requirements and legal authorisations needed for developing a geothermal project. This is relevant as any hitch or legal barrier can result in delays and additional costs. Finally, for a better understanding of the economics of geothermal electricity, Chapter 6 shows two concrete –though theoretical- case studies: an EGS project in Germany and a hydrothermal plant in Iceland. : GEOELEC - IEE : {"references": ["L. Angelino (2013), EU Legal Framework for Geothermal Energy: State of Play and Future Developments (EGC2013_MA-11).", "J. B\u00f6ttcher, P. Blattner (2010): Projektfinanzierung, Oldenburger Wissenschaftsverlag.", "J. B\u00f6ttcher (2009): Finanzierung von Erneuerbaren-Energien-Vorhaben, Oldenburger Wissenschaftsverlag.", "Destatis (2013): Daten zur Energiepreisentwicklung - Lange Reihen.", "Destatis (2013): Daten zur Energiepreisentwicklung - Lange Reihen.", "ESMAP Energy Sector Management Assistance Program (2012) - Technical Report 002/12- Geothermal Handbook: Planning and Financing Power Generation.", "European Geothermal Energy Council (2012), EGEC Geothermal Market Report 2012", "European Geothermal Energy Council (2013), EGEC Geothermal Market Report 2013/2014", "Fordseo (2008): The Investor`s guide to Geothermal Energy.", "S. Fraser, F. Jaudin, R. Vernier, P.Dumas (2013) European Geothermal Risk Insurance Fund \u2013 EGRIF, GEOELEC.", "A. Ghassemi (2010): Geothermal Energy, CRC Press.", "E. Huenges, D. Bruhn (2010): Geothermal Energy Systems, Wiley-VCH Verlag.", "http://www.tiefegeothermie.de/news/meilenstein-fuer-egs-ormat-stimuliert-in-nevada-erfolgreich (30.4.2013)", "International Energy Agency (IEA) (2013): Renewable Energy Medium-Term Market Report.", "J. Pater Salmon, J. Meurice, N. Wobus, F. Stern, and M. Duaime (2011): Guidebook to Geothermal Power Finance, NREL"]}