Valuation of Geothermal Projects
- Key words
- Geothermal; inferred resource; probable reserve; Canadian Geothermal Code for Public Reporting; indicated resource; proved reserve; CanGEA; measured resource; exploration site
- Conference
- Geothermal Resources Council Transactions
- Year
- 2011
- Session
- Financing; Risk management; Industry standards
- Language
- English
Abstract
Investors are generally risk-averse towards geothermal development. Generally, the earlier the stage of development, the fewer the number of willing investors. In order to maximize project value, developers need to advance a project as far as possible through the development stages before approaching investors. Investors will not take on greater risk than their tolerance for higher returns. A new tool is available to standardize the measurement of risk and the range of returns associated with that risk - the Geothermal Reporting Code.
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