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GEOTHERMAL ENERGY SCANDAL: Risk worth millions through new discovery insurance!
New geothermal energy project in Germany: Insurance solutions for exploration risks from 2025 - accelerated approval processes.
GEOTHERMAL ENERGY SCANDAL: Risk worth millions through new discovery insurance!
Geothermal energy is on the verge of a colossal shift and could revolutionize our entire energy future! In a groundbreaking move, insurance has finally been introduced that is considered a lifesaver for projection risk. A sensational pilot project running over the next three years is expected to cover 65 promising geothermal energy projects worth up to three billion euros. But before you can join in the cheers, be warned: the discovery risk, the biggest obstacle to deep geothermal energy projects, is the monster enemy that needs to be defeated!
As the Bietigheim newspaper reports, investors spend time-consuming years in bureaucratic approval processes while their projects hang in limbo! KfW will cover part of the risk, but the devil is in the details: the negotiations between the insurance companies, especially Munich Re, and the project sponsors are crucial. Costs must not rise to dizzying heights! Gregor Dilger, the recognized general manager of the Geothermal Energy Association, has already recognized this reality and speaks of an essential necessity for all federal states!
Discovery insurance: A ray of hope in the darkness
Exploration insurance becomes the ultimate hero of geothermal energy projects and promises to cover the shocking costs of exploratory drilling, which can quickly reach several million euros. The deep geothermal energy suffers from the serious challenges of discovery risk, which describes the danger of insufficient heat or water quantity! The current ring of uncertainty is: Despite high-tech exploration methods such as gravimetric and seismic measurements, the fate of the projects remains in limbo.
The energy policy catastrophe that threatens us is compounded by the realization that electricity accounts for just 25 percent of our final energy consumption, while heat accounts for an incredible 52 percent! Tönnis from Munich Re sounds the alarm and emphasizes that converting electricity into heat is horribly inefficient! Here the outcry from energy projects is louder than ever: heat pumps that generate up to six kilowatts of heat with one kilowatt of electricity could be the key to salvation! However, deep geothermal energy is once again unbeatable!
A way into the future
- Beträchtliche staatliche Mittel: 50 Millionen Euro im Haushaltsentwurf 2025!
- Umfassende Versicherungen bis zu 90 Prozent: Ein mutiger Schritt für Deutschland!
- Öffentliche Veranstaltungen der IGC Invest: Hier wird die Zukunft der Geothermie besiegelt!
A transformation of the geothermal energy projects is underway and the possible insurance models will be presented at IGC Invest 2024. A glimmer of hope or just another foggy dream? The audience will be eagerly awaiting what comes next! Is this the beginning of a new era in energy supply or a step into the unknown? We'll keep you updated!