New Framework for European Geothermal Industry Encourages exploration companies to investigate new resources

These are all of course draft suggestions. It will be up to individual governments to adopt none, some or all of the measures. Recent geothermal regulations in America show that financial incentives do speed development. The U.S. government now offers state-sponsored refinancing of project debt for operating projects, giving producers low interest rates on capital borrowed for plant construction. Several American projects are pushing ahead because of this break.

There's a lot of geothermal heat around the world. Nations that design competitive financial regimes are going to see a lot of it exploited over the coming years.

Here's to the birth of an industry,

Source: http://www.oilprice.com/article-new-framework-for-european-geothermal-industry-encourages-exploration-companies-to-investigate-new-resources.html

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