PPPs fueling the future of geothermal power generation
By Pierre Audinet & Almudena Mateos Merino, World Bank
It’s hot at the center of the Earth—nearly 6,000 degrees Celsius—and the promise of public-private partnerships (PPPs) for geothermal energy, power derived from the planet’s internal heat, is heating up as well.
Geothermal energy has wide appeal because it is a renewable resource that produces sustainable base load power with a fraction of the greenhouse emissions of fossil fuels. Around 40 countries worldwide, including several low and middle income countries, have the potential to meet a sizeable proportion of their electricity demand through geothermal power, at a relatively low cost (around $.08 per kilowatt hour [kWh]).
Geothermal energy has wide appeal because it is a renewable resource that produces sustainable base load power with a fraction of the greenhouse emissions of fossil fuels. Around 40 countries worldwide, including several low and middle income countries, have the potential to meet a sizeable proportion of their electricity demand through geothermal power, at a relatively low cost (around $.08 per kilowatt hour [kWh]).
