Risks and economic expediency of using geothermal resources as a source of renewable energy

accompanied by a number of challenges, the main of which is to find
new ways and approaches that can level the dependence on limited
hydrocarbon resources and promote decarbonization processes in
society. In the context of intensive diffusion processes between
economic, environmental, and social problems, the most rational
option is the transition to renewable energy sources (RES). One of
the most promising trends is the development of the geothermal
sector, given its inexhaustibility, cost-effectiveness, and lack of direct
dependence on seasonal fluctuations.
As part of the study, information on current energy-renewable trends
was analyzed and summarized; the current state of the energy system
in Ukraine and its prospects under conditions of the geothermal
sector' active development were highlighted; the global regulatory
sectoral differences were traced and the ways of leveling the existing
contrasts with the national system were suggested; the conceptual
models were created regarding the most significant risks and threats
to the implementation of geothermal projects in Ukraine; the current
economic indicators of geothermal facilities in three different
promising regions of Ukraine were assessed and the level of
feasibility of implementing operations at each of them was
determined.
The results of economic assessments proved the perspectiveness of
all studied objects. However, in order to minimize the risks of
implementing these projects within the period of martial law,
recommendations were made on the priority of further operations at
each of them.