The truth unveiled: Geothermal key in achieving an affordable energy transition but lacks adequate support

The European Commission recently released a report “Subsidies and costs of EU energy” unveiling for the first time data on costs and subsidies across various generation technologies in the electricity sector in all EU Member States.

EGEC welcomes the release of this timely study and is pleased with the transparent debate and consultation of the relevant stakeholders that was carried out by the European Commission during the preparatory work.¨

The geothermal sector is all the more ready to deploy new innovative technologies and to take an active part in the energy transition in Europe.

Unfortunately, the support dedicated to geothermal energy in the EU is negligible compared to other power generation technologies. In 2012, geothermal only received €70million, compared to €14.7 billion for solar PV and €6.6 billion for nuclear! Geothermal cannot live up to its promises without adequate support.

EGEC therefore calls for the swift rebalancing of support across all power generation technologies. Geothermal should therefore benefit from exemptions set out in the EU new state aid rules, for instance to avoid the mandatory application of auctioning,  which does not fit the technology-specific risk profile of geothermal technologies.

Download the full EGEC reaction here (PDF)

The European Geothermal Innovation Award 2015

The European Geothermal Innovation Award is given to companies which have made an outstanding contribution towards the field of geothermal energy in the form of innovative products, scientific research or project initiatives.

If you would like to make a nomination please read the competition rules and send your nomination, including a statement (max. 500 words) explaining the work of the organisation and why it should be considered for the award, to the EGEC secretariat at egia@egec.org

The 2015 Jury is:

Jónas Ketilsson, Orkustofnun, Reykjavik, IS

Sandra Kircher, Messe Offenburg, Offenburg, DE

Adele Manzella, IGG-CNR, Pisa, IT

Ladislaus Rybach, ETH, Zurich, CH

Burkhard Sanner, EGEC, Brussels, BE

The closing date for nominations is 16th January.

EGEC Newsletter December 2014

The 51th edition of the EGEC newsletter is available Click here to read it.

 

EGEC puts forward recommendations for a secure, competitive, sustainable Energy Union

In the framework of the debate over the EU Energy Union, the European geothermal industry puts forward a number of recommendations for each of its future pillars.

The new course of the EU energy policy should be built on a level-playing field, include a true EU heating and cooling policy, and create the conditions to empower consumers, cities, and local authorities.

This in order to ensure, in the short, medium, and long-term, all of the following: Affordability of energy, security of energy supply and availability; sustainability and the decarbonisation of our economy.

Read the full document here.

Steady development for Geothermal in 2014- but markets still to reach full potential.

The changes in the European Geothermal heat and electricity markets over the last 12 months have been detailed in the ‘EGEC 2014 Market Report Update’, launched at Geopower Global conference, Istanbul. It can be found on the publications page.

Geothermal District Heating continues to show dynamic development in Europe, with eight new systems having an installed capacity of 76.2 MWth, becoming operational in 2014, and 204 projects now under development- 10 more projects than last year. The total installed capacity in from the 247 plants in Europe is now 4.5 GWth.  162 of these plants are in the European Union, producing 4256 GWh.