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Tuesday, 1st May 2007

Update on World Geothermal Development (May 1, 2007)

Update on World Geothermal Development (May 1, 2007) (PDF; 180 KB)
Source: Geothermal Energy Association
From press release (PDF: 80 KB):

According to the assessment, the number of countries producing power from geothermal resources could increase 120%, from 21 countries in 2000 to as many as 46 countries in 2010. Total geothermal capacity online could increase over 55%, from 8661 MW in 2000 to 13,500 MW or more in 2010. The report states, "The trends in both the number of new countries developing geothermal energy and the total of new megawatts of power capacity under development reverse slowdowns in international markets seen in the late 1990s, and approximate trends seen in the more robust 1980s."

Reports examining the international status of geothermal development were published by the GEA and the International Geothermal Association (IGA) in 2005. While additional detailed reports are expected to be prepared for the next World Geothermal Congress (WGC), this interim report examines the progress in international geothermal power development since 2005, GEA explains. The new Interim Report notes projects under development, major political and/or policy initiatives related to development, and plans announced by either governments or in-country parties.

The report notes that "in numerous cases ... the success of development in a country is linked to government policies and initiatives. The extent of future geothermal project development depends more upon adequate funding and sustained policy support than geologic factors."



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