Tuesday, August 22, 2017

Central America: Geothermal Energy Can be Increased by 20 Times Current Capacity

Low Carbon Economic Development in Central America Focus of Recent Workshop (Renewable Energy Magazine)

A workshop recently held in El Salvador, organized by International Renewable Energy Agency (IRENA) and LaGeo, a CEL Group company, and in association with Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ), focused on the measures that need to be taken to unlock the region’s vast geothermal potential.

Central America, which currently ranks among the world’s top countries in terms of the share of installed geothermal energy, has the potential for an estimated 20 times the currently installed capacity if regional governments can adopt the policy and regulatory frameworks necessary to support its deployment.

 “Central America holds some of the world’s most promising geothermal resources, that if utilized can help the region secure and deliver, inexpensive electricity while stimulating low-carbon economic growth,” said Gurbuz Gonul, Acting Director of Country, Support and Partnerships at IRENA. “Through the sharing of knowledge, experience and lessons learned from the leading geothermal countries in Central America, this workshop will help establish the building blocks for the stable, long-term policy framework needed to overcome barriers in geothermal development,” added Mr. Gonul.

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