Insurers want to help geothermal energy achieve a breakthrough
https://www.handelsblatt.com/politik/deutschland/waermewende-versicherer-wollen-geothermie-zum-durchbruch-verhelfen/100018761.html
"Heat from depths of hundreds or even thousands of meters has enormous potential: the energy industry expects that deep geothermal energy could cover up to 25 percent of Germany's entire heating requirements."
"The Federal Ministry of Economics wants to change this and has now commissioned the federal promotional bank KfW to develop a concept."
"The core of the idea is a debt waiver in the event that a geothermal well is not successful or the actual heat yield falls short of expectations."
"According to the Ministry of Economic Affairs, it is working on funding opportunities and instruments to absorb this risk financially."
2) Are KfW & Munich RE abolishing the risk of discovery?
https://www.tiefegeothermie.de/news/schaffen-kfw-munich-re-fuendigkeitsrisiko-ab
KfW = https://www.kfw-entwicklungsbank.de/International-financing/KfW-Entwicklungsbank/
Munich Re = https://www.munichre.com/en/company/media-relations/media-information-and-corporate-news/corporate-news/2015/2015-07-30-munich-re-provides-geothermal-exploration-risk-insurance-for-akiira-in-kenya.html
Insurers want to help geothermal energy achieve a...
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