News

Geothermal Development overview in recent EER Research

Alexander Richter 22 May 2009

In a recent article by Renewable Energy World, Tim Stephure of Emerging Energy Research is giving an insight into the findings of his recent Global Geothermal Report.

In a recent article by Renewable Energy World, Tim Stephure of Emerging Energy Research is giving an insight into the findings of his recent Global Geothermal Report.

Link to the report

The article gives an helicopter overview over this excellent report, the section below probably gives a taste. In it it is looked at Geothermal Market Development Trends.

“There are over 215 commercial geothermal projects operating in 24 countries with a cumulative installed capacity of approximately 10.5 GW worldwide.  The vast majority of generation capacity is concentrated in a handful of countries: the U.S., the Philippines, Indonesia, Mexico, Iceland and New Zealand.  While these established markets will continue to account for the overwhelming majority of geothermal growth in the short term, several earlier-stage markets, including Chile, Argentina, Turkey, Russia, Central America and East Africa, are looking to exploit robust geothermal resource potential as power generation demand and global fuel price volatility escalates.”

Source: Renewable Energy World