International Geothermal Market Set for Development Boom but Challenges Remain (Power Engineering)
What’s the next big opportunity for geothermal? According to panelists at Wednesday’s Renewable Energy World international geothermal session, it’s emerging markets.
Kicking off the two-hour discussion, special guest Agnes Dasewicz of the U.S. Agency for International Development (USAID) explained the Power Africa initiative, which launched in June 2013. USAID is attempting to unlock energy growth in six countries: Kenya, Tanzania, Ghana, Nigeria, Liberia, and – of particular interest to the geothermal crowd – Ethiopia.
Power Africa has committed more than $7 billion for infrastructure investment and technical assistance, and the private sector has committed more than $14 billion, which has mainly come from African financiers. Dasewicz said that investment banks such as Ex-Im and OPEC are very open to discuss and support geothermal development in resource-rich Africa.
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