Friday, September 27, 2013

Technology:

The Status of Global Geothermal Power Development (Greentech Media)

Analyst Alexander Richter looks at the project pipeline for global geothermal projects.


In its research, ThinkGeoEnergy has counted 806 geothermal power projects in development with a combined capacity of 23,313 MW, with the majority in Asia, North America and Africa.

That sounds impressive, but the industry faces strong challenges everywhere. Projects need to secure government approval, public consent (sometimes complicated by local opposition), power purchase agreements and, last but not least, necessary financing. The latter has been particularly challenging.

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