Geothermal power generation capacity to grow 89% 2008 to 2015
Global geothermal energy capacity will grow 89% between now and 2015....", and "capacity will surge from 11,0007 MW at the end of 2008 to over 20,800 MW in the next six years, so a new report from GlobalData.
As part of a report on the Global Geothermal Energy Market, there were given forecasts that estimate an increase of nearly 90% in geothermal power generation capacity world wide.
Found via a blog entry on TriplePundit, which highlights some of the key points from the report.”Global geothermal energy capacity will grow 89% between now and 2015….”, and “capacity will surge from 11,0007 MW at the end of 2008 to over 20,800 MW in the next six years.
The regional shares of generation capacity will look like this:
- Asia-Pacific, 47.6%
- North America, 42.3%
- Europe, 10.0%
- South America, <0.10%
(In the United) States, forecast growth is on par with global growth on a percentage basis, with an estimated compound annual growth rate (CAGR) of 9.5% each. In the next six years, geothermal energy capacity in the U.S. will grow 89%, from 3,112 MW to 5,884 MW. That’s a world-leading sum.
Notable mentions in the geothermal growth category include Indonesia (3,200 MW by 2015), the Philippines (3,246 MW by 2015), and Mexico (1,481 MW by 2015).” Based on the report Iceland’s geothermal success will continue with nearly 1,000 MW installed capacity by 2015.