IRENA, the International Renewable Energy Agency, has released a new report providing policy makers, financial institutions and project developers with a range of options to reduce financial risks and unlock investments in renewable energy. In a press release accompanying the launch of the report, IRENA calls on public finance institutions to ʽfocus on leveraging private investment by increasing the use of existing guarantees and developing new, targeted risk mitigation instrumentsʼ.
EGEC very much welcomes the report, which promotes a number of risk mitigation instruments dedicated to geothermal energy, including convertible grants and guarantee funds. Both instruments will be critical for the development of more geothermal projects in Europe as well as in other regions of the world.
The full report is available here.
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