Preliminary industry data reveals that year-end geothermal growth in 2012 was up 5% from the previous year, according to the Geothermal Energy Association (GEA). This uptick in development— representing 147.05 MWe of new gross online geothermal capacity—is due in part to pioneering developments in geothermal technology, GEA said.
In 2012, seven new geothermal projects and additions came online in three different states. This represents the second highest increase in geothermal power capacity over a calendar year since the production tax credit (PTC) was extended to geothermal in 2005, and a 5% percent increase over 2011 year-end data.
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