| |
GeoFAR - Geothermal Finance and Awareness in European
Regions
|
|
| |
Deep geothermal
energy has a high potential that is not yet bailed to a large extend.
Especially non-technical (financial) barriers and a lack of awareness
among decision makers hinder investments in geothermal power plants
and industrial geothermal applications.
GeoFAR aims to reduce financial barriers hindering the initial stages
of geothermal energy projects through the development and proposal
of appropriate financing and funding schemes suitable to boost the
development and investment in geothermal energy projects.
GeoFAR also aims to promote and raise the awareness of emerging
(industrial) geothermal applications. The awareness raising activities
will mainly be directed towards local and regional decision makers
and potential stakeholders. By providing these financing and funding
schemes and raising awareness among the target group, GeoFAR will
support the fostering of the deep geothermal energy sector across
Europe. |
| |
Project
Goal |
| |
GeoFAR aims to reduce financial barriers hindering the initial
stages of geothermal energy projects through the development and
proposal of appropriate financing and funding schemes. Investments
in geothermal energy will be boosted.
GeoFAR aims to provide legal frameworks and outline new or modified
EC directives and communications where geothermal energy is appropriately
considered as a relevant means towards a sustainable, competitive
and secure energy in Europe.
GeoFAR aims to promote and raise the awareness of emerging (industrial)
geothermal applications. The awareness raising activities are
mainly directed towards local and regional decision makers and
potential stakeholders.
GeoFAR aims to spread out all findings and results as widely as
possible in order to ensure that the maximum of local and regional
decision makers receive valuable information for evaluating the
benefits of geothermal energy for the local/ regional economy.
|
| |
Expected
Results |
| |
The key
output of GeoFAR will be a set of financial options or schemes -
validated by experts with relevant skills in renewable financing
- suitable to boost the development and investment in geothermal
energy projects. This will lead to more geothermal projects.
Geotherma energyl related legislation, directives and communication
suitable to inform and remind the broader public about the relevance
of geothermal energy will be proposed; they will be validated by
competent external and internal experts. Corresponding EU or national
communication will be constitutive elements for the further formulation
of a European Strategy for Sustainable, Competitive and Secure Energy.
Last but not least, comprehensive and illustrating examples of industrial
geothermal energy based applications will be elaborated and largely
disseminated. These application examples clearly show the added
value of combined processes (electricity & district heating/
electricity and process heat) for a maximum exploitation of geothermal
energy.
All output and results will be addressed to the main beneficiaries
- the local and regional decision makers. It is imperative to raise
their awareness about geothermal energy as it might generate jobs
and welfare for the local communities. |
| |
Role of Rupprecht
Consult |
| |
Rupprecht Consult was fully
involved in the preparation of the proposal and contract: identification
of and negotiation with potential project partners, elaboration
of the proposal (work programme and budget), support to the contract
negotiations with the European Commission. The role of Rupprecht
during the project's life time will be the technical support of
the Prime Contractor - Erlangen AG - in the management of the project
(reporting, financial statements) and the preparation and dissemination
of the results (newsletter, organisation of conferences and workshops). |
| |
Project Duration |
| |
1 September 2008 - 28 February 2010
|
| |
Project co-ordinator |
| |
Erlangen AG, Henkestraße 91, D91052 Erlangen
|
| |
Organisation |
| |
Erlangen AG Technologie Scouting & Marketing (DE)
BRGM (FR)
Energo Group SA (GR)
IENE - Institute of Energy for South-East Europe (GR)
IGME - Institute of Geology and Mineral Exploitation (GR)
IGME - Instituto Geológico y Minero de Espana (ES)
Rödl & Partner (DE)
SOGEO - Sociedade Geotérmica dos Açores S.A. (PT)
|
| |
Further information |
| |
Michael Laubenheimer
Tel. +49 221 60605523
|
| |
|
