Preparation and application
Demonstrating project eligibility through licensing, geoscientific studies, a drilling plan and a business plan.
Explore the details
TÜRKİYE GEOTHERMAL RISK SHARING MECHANISMGeothermal potential.
Geothermal potential.
More confident investment.
Sharing exploration drilling risk to support the development of Türkiye’s geothermal resources.
CALL ARCHIVEThe Round 4 Expression of Interest (EoI) call closed on 13 September 2024.Application information
PROJECT OVERVIEWFrom resource exploration
From resource exploration
to sustainable energy.
Geothermal exploration carries significant uncertainty until drilling confirms the resource. The Risk Sharing Mechanism (RSM) aims to support private investment by covering a defined share of the cost of unsuccessful exploration wells.
Our purpose and approach$37 millionEnvisaged programme funding
40–60%Coverage of eligible unsuccessful well costs
$4 millionStated cap per drilling programme
Based on the archived project description. Coverage is subject to eligibility and contractual terms.
HOW DOES IT WORK?
Three steps through the process.
Assessment and agreement
Programme admission and agreement on project-specific success criteria before drilling.
Explore the detailsDrilling and risk sharing
Assessing well results against agreed criteria and sharing eligible costs.
Explore the detailsACTIVITIES AND NEWS
View all activitiesProject milestones.
RSM Round 4 Consultation Workshop
RSM Round 3 Consultation Workshop
RSM Round 2 Consultation Workshop
Let’s talk about the project.
Contact the RSM Unit or the RSM Consultant with your questions.