Risk Mitigation Services
Realizing deep geothermal projects implies a number of risks. The exploration risk represents the largest economic risk for investors and project developers. Also, technical risk insurances (comprehensive all-risk insurance) as well as drilling risk mitigation have to be considered. Questions concerning mining damages and third party liability associated with seismic risk form important aspects of geothermal risk mitigation schemes, too.
The service portfolio of GeoThermal Engineering GmbH comprises compiling and editing project documents for insurers as well as negotiations with suitable insurers until taking out of the insurance policies. Our strengths are in structuring and realizing solutions and insurance concepts that cover both exploration and technical drillings risks.
Compilation of risk information
Generally, it is possible to insure the exploration risk, technical drilling risks as well as third party liability of mining damages. All of this demands extensive project documentation, which influences the risk evaluation and insurance premiums. The better a project is prepared, the higher the probability to receive insurance. And the higher the likelihood of success of a project, as it is reported and processed in the project documents, the less expensive the premium turns out.
Negotiations with insurances
GeoThermal Engineering GmbH looks back to a long standing experience in geothermal risks and negotiations with insurers to take out exploration risk insurance.
International risk mitigation
For several years GeoThermal Engineering GmbH has been active in structuring various public risk mitigation funds and facilities, e. g. in Germany, Djibouti (Worldbank), Chile und East Africa (KfW).