ITALIAN UTILITY TO TAKE GEOTHERMAL GLOBAL

Geothermal Beating Coal Lures Enel From Tuscan Geysers

Alessandra Miggliacio, July 18, 2013 (Bloomberg News)

“…[Geothermal in the hill region south of Florence] better known for Chianti wine than high-technology produces enough power for a million people. That’s helped make Italy Europe’s biggest generator from underground heat, the world’s cheapest source of electricity…Enel Green Power SpA (EGPW), which operates the plant, says its experience will give the unit of Italy’s largest utility an edge as it spends 900 million euros ($1.2 billion) in four years to take its technology from Turkey to Peru. Researcher Frost & Sullivan Inc. expects the global market to grow fivefold to $5.89 billion in the seven years through 2017 as governments cut green subsidies and seek alternatives to wind and solar…” click here for more

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