Tuesday, September 3, 2013

Global:

Global Market for Geothermal Continues Upswing (Renewable Energy World)

The U.S. Geothermal Energy Association (GEA) today released a new report showing continued strong growth signals in the international market for geothermal power. The report, 2013 Geothermal Power: International Market Overview, identifies 70 countries moving forward with nearly 700 geothermal power projects.

Some of the report highlights are:

  • By the end of 2013 the global geothermal market is expected to operate 12,000 MW of geothermal capacity on-line.
  • There are 11,766 MW of new capacity in early stages of development or under construction in 70 countries and territories around the world. Additionally, developers are actively engaged with and exploring 27 GW (Gigawatts) of geothermal resource globally that could potentially develop into power plants over the next decade.
  • This year some of the first demonstration Enhanced Geothermal System (EGS) projects provided electricity to grids in Australia and the United States.
  • Countries such as Uganda, France, Tanzania, Chile, and Rwanda have geothermal projects under construction or in the latter stages of development and will have their first operational geothermal power plants within the next few years.
Members of the international geothermal community plan to discuss their successes and emerging market opportunities at the GRC Annual Meeting & GEA Geothermal Energy Expo in Las Vegas from Sept. 29-Oct. 2. This is the premier gathering to learn about the latest developments in geothermal energy, and brings together geothermal companies, academics, financiers, policy leaders, students, and other individuals.