Thursday, April 27, 2017

New Zealand: Geothermal Energy is Big Contributor to Kiwi Economy

Wind and geothermal emerge as significant sources of energy (Statistics New Zealand)

Strong growth in wind and geothermal electricity generation has led to significant economic impacts, according to a Stats NZ report published today.

Geothermal’s contribution to New Zealand’s total renewable energy generation increased from 11 percent in 2007 to 21 percent in 2015. Over the same period, its value rose from $1.3 billion to $2.9 billion.

Statistical services manager Dan Oberhaus said. “The increased use of wind and geothermal energy resources is showing positive contributions to our economy.”

Geothermal increased from 3,210 gigawatt hours to 7,091 gigawatt hours (8 percent to 17 percent of net generation) over the period.