Advice Notes on Geothermal Economics for the NPA Region


The Advice Notes aim to provide introductory material for entrepreneurs, startups and SME’s, considering to enter into the renewable energy sphere and based in the NPA regions partners to GREBE. The scope of the Advice Note covers regional, trade and industry, renewable energy (RE), technology information from Ireland, Northern Ireland, Scotland, Iceland and Finland. Different partner regions have different level of deployment of the various RE technologies covered by the Advice Notes. Thus, the level of information will vary depending on the level of deployment for each technology. For example, wind is not deployed on a large scale in North Karelia (Finland); however, it is widely deployed in Scotland, Ireland and Northern Ireland.

Full details are available on the GREBE website:

The focus of the Advice Notes is on regional information of some of the main economic characteristics sited as imperative, when making an informed choice, regarding which RE technology may be the optimal choice for a new business venture:

  • Costs and economics associated with the relevant technology
  • Support schemes available, relevant to the technology
  • Government allowance/exemptions, relevant to the technology
  • Funding available for capital costs of the relevant technology
  • List of the relevant to the technology suppliers/developers, with focus on local/regional, suppliers/developers and the products and services they offer.


It is understood that the ultimate source of geothermal energy is radioactive decay occurring deep within the earth. In most regions, this heat reaches the surface in a very diffuse state. Nevertheless, due to a range of geological processes, some areas, including substantial portions of the NPA region, are underlain by comparatively shallow geothermal resources.

However, Iceland is taking geothermal power and technology to an advanced level by exploiting the resource for power generation. Other countries in the NPA region are exploring options of exploiting the geothermal resources by the use of deep geothermal technology but are still far behind in comparison to Iceland.


GREBE Reports on Technology Case Studies

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Many regions of the NPA have some of the best renewable energy resources; however in many cases they are not being effectively exploited. The Case Studies aim to address this by the assessment of a range of renewable energy technologies to determine the drivers and barriers for their transferability to other areas in the NPA where the same renewable energy resource  are available but are not widely exploited.

The Case Studies exemplify how, through the proper identification of appropriate and scaled technological solutions, renewable energy resources in each partner region, can meet the demands of energy markets. The technology case studies were informed by engagement with technology providers and other relevant stakeholders. The focus of the case studies is on technological choices (details of how these operate, innovations etc.), funding mechanisms, processes of delivery and adaptation in different partner regions, assessment of technical and financial risks, and demonstration/piloting routines.

The case study collection provides evidence and data on important drivers and barriers and an in-depth analysis of the Renewable Energy technologies feasibility prospect to be transferred across partner regions. The case studies cover technologies, market access and business growth paths.

These cases studies are based on the following technologies:


Further information can be found on the case studies section under the publications page here: