Paris Climate Conference/Agenda of Solutions/Global Geothermal Alliance with Iceland, Kenya and IRENA
This morning, Ségolène Royal officially launched the Global Geothermal Alliance with Olafur Ragnar Grimsson, President of Iceland, Judy Wakhungu, Minister of Environment of Kenya and Adnan Z. Amin, Director-General of the International Renewable Energy Agency (IRENA).
This alliance, that was presented on Energy Action Day of the Lima-Paris Action Agenda, will be an opportunity to:
Initiate new technological cooperation: Ségolène Royal welcomed the agreement that was just announced this morning between the French company ENGIE and the Icelandic firm Reykjavik Geothermal to develop geothermal energy in Mexico.
Mobilize funding, particularly towards a better management of geological risk: France is already a leader in this field with the creation of the “GEODEEP” guarantee fund to protect investors.
Ségolène Royal pointed out that “geothermal energy is not developed enough, whereas it is one of the concrete and accessible solutions that can be implemented right now to enter a low-carbon economy”.
Ségolène Royal also recalled the ambitious targets set in France in terms of geothermal energy. The “multi-annual programming of energy” that is in the process of being drawn up to implement the strategic guidelines of the Energy Transition for Green Growth Act provides for the following:
a five-fold increase of the production of heat from geothermal energy in 10 years;
an increase in electricity production from geothermal energy.
The first concrete illustration of this impetus is the announcement this morning of Ormat’s acquisition of the geothermal site Bouillante in Guadeloupe, with a project for a three-fold increase of the production capacity to 45 MW. By replacing fossil fuel consumption this project will increase the share of renewable energy and contribute to the goal of energy autonomy in the French Overseas Territories./.
¹ Source of English text: French Ministry of Ecology, Sustainable Development and Energy.