Global Geothermal Development Plan

Global Geothermal Development Plan

 

 

In March 2013, ESMAP launched a Global Geothermal Development Plan (GGDP) in collaboration with bilateral and multilateral development agencies and banks and client countries. The GGDP is expected to be transformational by creating global momentum in geothermal energy investments through mobilization of substantial new concessional funding for the risky and capital intensive upstream phases of geothermal development, exploratory drilling in particular. This will catalyze investment in all other stages of the geothermal value chain in low- and middle-income countries. The GGDP has led the effort to ensure $235 financing from the Clean Technology Fund , which have been earmarked for programs and projects that facilitate private sector engagement in geothermal resource validation.

 

ESMAP is deploying about $5 million in coordination with the WB regional units over 2013-2016 to help develop a pipeline of resource validation projects large enough to generate learning effects that will reduce the risk of geothermal development globally. Additionally, the GGDP’s knowledge dissemination component supports South-South exchange among client countries on geothermal science, project development and international best practices.

 

Global Geothermal Development Plan Fact Sheet

 

 

Contact: Almudena Mateos Merino

 

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