BIG YEAR FOR WORLD’S GEOTHERMAL

GEA report shows substantial growth in global geothermal energy market

April 22, 2014 (Penn Energy)

"…[Almost 700 geothermal projects are] currently under development in 76 countries. Threats caused by climate change and the need for a renewable energysource that can satisfy both firm and flexible grid needs are among the key factors driving…[i]nternational geothermal market growth…85 MW of the total global 530 MW of new geothermal capacity in 2013 was in the U.S., according to [The 2014 Annual U.S. & Global Geothermal Power Production Report]…U.S. growth was flat because of policy barriers, gridlock at the federal level, low natural gas prices and inadequate transmission infrastructure…Globally, significant geothermal development growth is expected over the next few years. In East Africa, Kenya and Ethiopia are building power plants greater than 100 MW…” click here for more

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