Source document: https://docs-lawep.s3.us-east-2.amazonaws.com/1698060042212.pdf (Liberia)
Proposed Joint Activity Financial Instruments and Funding of Geothermal Projects Baldur Petursson Sigurdur Björnsson Gunter Siddqi Lilja Jónsdóttir Geothermal ERA NET Meeting Brussels, Belgium 5 October 2015 Overview of the presentation • Objectives and Structure of the Project • Funding of Geothermal Projects Overview of the presentation • Objectives and Structure of the Project • Funding of Geothermal Projects The Overall Objective • To improve the synergies between different players • Better understanding of this financial landscape - to highlight barriers and recommend practical solutions • Knowledge exchange will enhance cooperation and lower barriers and improve joint programming and better funding instruments and opportunities.
Process description • Analyse the financial instruments that are available and – and map the operational structure of the different national funding bodies • Highlight the main barriers and opportunities, and how these instruments can more easily work together The Team – 10 Countries Steering Committee Country: Person in charge: Leader 1: A Iceland/Rannis Sigurdur Bjornsson Leader 1: B Iceland/OS Baldur Petursson Leader 2: Switzerland Gunter Siddiqi Participants Country: Person in charge: Partner 1: The Netherlands Ramsak/Breembroek Partner 2: Portugal Mathilde Cunha Partner 3: Germany Stephan Schreiber Partner 4: Slovakia Igor Kosic Partner 5: Hungary Annamaria Nador Partner 6: Turkey Kaan Karaoz Partner 7: Italy Adele Manzella Partner 8: Slovenia Andrej Lapanje Aims, Outputs and Priorities Activities and Deliverables Process description – draft timing Three important Geo EU Pillars More cooperation and communication necessary at European level, National level and Company level Industry, RD&D, Banks, etc - Cooperation • Practical information • Using existing information • Highlight barriers • • Awareness – building • Financial - opportunities Policy - recommendation Overview of the presentation • Objectives and structure of the project • Funding of Geothermal Projects The Survey – Geothermal Projects  There are no common grounds.
 Each country has its own system.

 Geothermal is not high on the agenda by most partners and statistics on geothermal as part of renewable is very limited.

The Survey – Geothermal Projects In regard to if projects can be funded from abroad the answers are very varied.

From a straightforward yes to a straightforward no, and something in between.

There are funding schemes within Europe; Regional Policy, ERDF, Cohesion Funds EIB, EBRD, etc.
National funding, EFTA EEA Grants, Etc., The Survey – Geothermal Projects • Countries indicated fewer barriers to geothermal projects than geothermal RD&D • Around half the participants report no technological, commercial or organizational barriers to geothermal projects • Majority of participants report political barriers • Opportunities mentioned in regards to geothermal projects are more specific, referring to certain areas and projects that could be beneficial.
The Survey – Geothermal Projects • Most answers did not highlight barriers, except regarding economical and political The Survey – Geothermal Projects The Main Geothermal Problems Unclear vision and lack of cooperation is one of the biggest problem for the geothermal sector - including regarding financing Geothermal Financial Barriers - EGEC Geothermal Financial Barriers - GeoDH Source: GeoDH Awareness raising Attracting more financing Transfer of best practice How can we scale up Geothermal Financing?
Global view – WB / IFC Source: IFC Geothermal DH capacity Installed in Europe, 2013 (MWth) Source: EGEC Number of GeoDH systems in Europe potential possibilities Source: EGEC Geothermal DH Potential in Europe Actual Geothermal DH production towards the 2020 target (ktoe) Ktoe Source: EGEC The Geo - Technical & Regulatory Barriers The Geothermal ERA- Opportunities The Geothermal ERA- Opportunities • We are preparing a report on the subject.
• Additional inputs from you are welcomed ERA NET - Preparing the Report Communicate with principal stakeholders and others Gaining expert knowledge – on financial barriers and opportunities Prepare Policy Recommendation for better Financial Framework and more Capital for Geothermal Activity Prepare and Implement Joint Financial Geothermal Activities (e.g.

transnational funding activities)