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Deep Geothermal Energy in Europe

Deep Geothermal Energy in Europe. Barriers for market development. Philippe Dumas, Manager, European Geothermal Energy Council. Electricity Heating& Cooling: - Deep - Shallow. Deep Geothermal. EGEC Deep Geothermal Market Report 2011. Summary of Key Conclusions

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Deep Geothermal Energy in Europe

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  1. Deep Geothermal Energy in Europe Barriers for market development Philippe Dumas, Manager, European Geothermal Energy Council

  2. Electricity • Heating& Cooling: • - Deep • - Shallow

  3. Deep Geothermal EGEC Deep Geothermal Market Report 2011

  4. Summary of Key Conclusions Geothermal Electricity

  5. Installed Capacity per Country Geothermal Electricity Looking to next 5 years…

  6. Hot Facts on GeoElec

  7. Looking to the future…

  8. EGS in Europe…

  9. Specifically for EGS • Lack of awareness about this technology, its potential and advantages, among policy makers, the general public and potential investors • Limited research funds to develop new pilot projects and to progress down the learning curve • Technical Barriers • Lack of wide and detailed information on geothermal energy resources (information not available or not standardized and spread out in different ministries, universities, national institutes, oil & gas companies) • Lack of high skilled professionals and training courses, notably on EGS • Social & Environmental barriers • Public acceptance (to be tackled by increasing the awareness among the general public) Barriers to Geothermal DevelopmentELECTRICITY

  10. Renewable Energies – on a level playing field ? Subsidies for energy + subsidies for nuclear energy (after IEA data published in the Guardian)

  11. Regulatory barriers • Length and administrative burden of licensing procedures; • Lack of clear rules for competition over underground sites • Grid access (covered by Article 16.2 of Directive 2009/28/EC) • Market distortions and unfair competition from conventional sources (taxes, non-complete internalization of externalities, infrastructures, etc.) • Financial barriers • Risk associated to the first drilling and its coverage (to be tackled through national, European and international risk insurance schemes); • Given the high upfront costs* (high drilling costs and shortage of drilling rigs for geothermal energy) there is a lack of innovative financial mechanisms; • For deep geothermal systems, fees and royalties for the use of underground resources; • Lack of support schemes: very low financial support compared to other technologies, Barriers to Geothermal DevelopmentELECTRICITY

  12. One Solution: GEOELEC Project Objective of GEOELEC project is to * convince decision-makers about the potential of geothermal electricity in Europe: Create awareness and improve perception among policy makers * stimulate banks and investors in financing geothermal power installations. Work Program: Prospective for geothermal electricity in Europe Financing geothermal power projects Regulatory, social and environmental conditions Education and employment in the geothermal sector Promotion activties Visit www.geoelec.eu

  13. Conclusion: 3 Factors Affecting Geothermal Electricity

  14. Summary of Key Conclusions Geothermal District Heating

  15. Systems in Europe Geothermal District Heating

  16. Hot Facts on GeoDH

  17. Future of GeoDH in Europe

  18. Barriers to Geothermal DevelopmentDistrict Heating • Technical barriers • Lack of wide and detailed information on geothermal energy resources • Lack of high skilled professionals • Regulatory barriers • Lack of national/regional/local geothermal regulatory framework and a favorable local planning • Length and administrative burden of licensing procedures for exploration and drilling; • Lack of clear rules for competition over underground sites

  19. Financial barriers • Risk associated to the first drilling and its coverage; • high drilling costs and lack of drilling rigs for geothermal energy; • Lack of new business models to make GeoDH economically viable despite the foreseen decrease in heating demand; • For deep geothermal systems, fees and royalties for the use of underground resources; • Fragmented and very limited support financial support; unfair competitive with conventional sources • Insufficient statistics on h&c Barriers to Geothermal DevelopmentHeating

  20. Conclusion: 3 Factors Affecting Geothermal District Heating

  21. 26-27 April 2012: Joint Annual Conference With the support of: 21

  22. Thank you !

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