Thursday, October 15, 2015

Finance: CEO of Turboden Gives Insights on Geothermal Energy Industry

Interview With Paolo Bertuzzi, Managing Director & CEO of Turboden (Geo Power & Heat Summit)

Where do you see the opportunity in Geothermal power over the course of the next 3-5 years?

We see plenty of opportunities in the geothermal global market, especially for projects based on binary solution. The most interesting markets are Turkey and South East Asia, but also Europe (we have just secured an important 16 MW project in Croatia), Americas, and East Africa.

What do you consider as the main challenges to stakeholders in the Geothermal power industry?

Main challenges for geothermal are not related to the power-generation technology. As of today either flash and binary technologies are well established and mature, having achieved a high degree of competitiveness in terms of performance and cost. Main issues often relate to the financing of the projects, a good knowledge of the underground resource and a knowledge management of the operation and optimization of the overall geothermal plant during its life.  These aspects make the difference between a successful geothermal business and a “good business plan not transformed in actual numbers in the execution”. That is the reason why it is very important to rely on suppliers that demonstrated to deliver results and actual numbers of high availability. About this point, Turboden ORC fleet has over 98% of availability with more than 7,500 GWh of operation.

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