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Figure 11.8 Investment in renewable energy developments in Germany in 2010. Reliable figures for drilling cost, machines, devices etc. are not available due to the individual circumstances of each project. The production price of conventional generated electricity is about 5-8 €-cents/kWh and the consumer prices are between 20 and 25 €-cents/kWh. Prices for energy- oil, gas, coal, electricity- are dependent on world market prices. Electricity generation by geothermal techniques is not yet competitive without governmental funding. The simultaneous use of the heat for district heating is essential for the economical success of a project. For this reason the tendency can be recognized to design projects more for district heating than for electricity generation. 11.7 Research Activities 11.7.1 Focusareas In its funding announcement of 20 November 2008, the BMU outlined its priority areas for research funding in the field of geothermal energy. The aim is to continuously reduce the cost of extracting and using heat and electricity from geothermal reservoirs. For this reason, the following topics and tasks are a particular focus of funding: Development of methods and techniques to minimize the discovery risk involved with drilling during exploration Development of measurement techniques and equipment capable of supplying reliable data, both during drilling operations under the high temperatures, high atmospheric pressures and corrosive conditions that typify geothermal projects, and for the management of geothermal reserves; they can also be used for modelling forecasts and reserves 121PDF Image | Geothermal Research and Tech IEA
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