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Innovation Programme (CIP) managed by the European Commission and the Executive Agency for Competitiveness and Innovation (EACI). The objective of the GEOELEC project is to convince decision-makers about the potential of geothermal electricity in Europe, to stimulate banks and investors in financing geothermal power installations and finally to attract key potential investors such as oil and gas companies and electrical utilities to invest in the geothermal power. 24.5 Comments on the Geothermal Market 24.5.1 MarketingInitiativesandMarketStimulationIncentives The new Spanish Renewable Energy Plan (PER) 2011-2020 is suppose to consider a number of significant measures to boost emerging renewable technologies, including geothermal energy. The APPA Geothermal Department (Low and High Enthalpy) was not successful in getting specific measures for geothermal energy such as reducing risk in the initial phase of drilling and a greater allocation of funds to support the initial phases of the investigation included. 24.5.2 Development Cost Trends The R&D research lines of the Spanish Technology Platform Geothermal (GEOPLAT) would be a breakthrough in eliminating the barriers that are impeding the progress of the sector. Implementation of these research lines will help to increase competitiveness and reduce costs. (http://www.geoplat.org/setup/upload/modules_en_docs/content_cont_URI_1267.pdf) 24.6 Organization‘s Research Activities 24.6.1 SpanishGeothermalTechnologyPlatform-GEOPLAT Regarding R & D- through 2010, each Working Group of the Spanish Technology Platform Geothermal (GEOPLAT) has contributed to the elaboration of the ―Document of Vision for 2030‖. It provides an exhaustive analysis of the Spanish geothermal sector (background and current situation, potential, technologies, etc.), and it points out the most relevant challenges and opportunities for the future. Moreover, two vision scenarios are presented for 2020 and 2030. This ―Vision 2030‖ was presented in GEOPLAT General Assembly in April 2010. Thereafter, all members of the Platform were involved in the production of the GEOPLAT Strategic Research Agenda. The aim was to structure a set of research lines with specific objectives and milestones quantified for short-, medium- and long-terms. Implementation will mean a technological development in the geothermal energy sector in Spain, which is expected to create an increase in geothermal energy production. It is the first time for the geothermal energy sector in Spain that such report was presented, and agreed by the industry itself, and it is also the first Strategic Research Agenda in geothermal energy introduced by a Member of the European Union, therefore setting the basis for the geothermal sector in Europe. 276PDF Image | Geothermal Research and Tech IEA
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