Thursday, August 23, 2012

Asia Pacific:

Geothermal Outlook in the Asia Pacific Region: A Hotbed of Development (JD Supra - Baker & McKenzie)

The international demand for geothermal energy is heating up.

Asia Pacific, host to the world’s top producers of geothermal power, is poised to see significant growth as geothermal energy emerges as a viable source of green, reliable and cut-rate power.

While past geothermal usage is minimal, the region is expected to see a boom kindled by the convergence of the following factors:
  • increasing energy security concerns
  • economic progress, especially in developing markets
  • electrification of low-income and rural communities
  • emergence of low-cost and efficient technologies
  • rising environmental awareness
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