Connect with us

Hi, what are you looking for?

CleanTechnica

Clean Power

US Geothermal Power Companies Impacting Emerging Economies

The Geothermal Energy Association has released a series of figures and forecasts to finish off 2014, and in so doing highlighted the impact US geothermal power companies are having in emerging economies.

In a press release put out through BusinessWire, the Geothermal Energy Association (GEA) announced “continued growth” in the global geothermal power sector, with “more countries developing projects, and an increase in on-line capacity of between 4% and 5% for the third year in a row.”

According to the GEA, there were 700 MW of new additions in 2014, pushing the global total upwards of 12.7 GW across 24 different countries. There are also 11.7 GW of capacity additions in development, and another 1.8 GW of power under construction in 80 countries.

More specifically, the GEA highlighted the fact that “emerging economies in East Africa, Central America, and the South Pacific experienced the fastest growth this year.”

As for geothermal’s role in 2015?

“Looking ahead to 2015, the energy market sees continued pressure to address climate change, and there’s a growing recognition of geothermal’s unique grid reliability benefits,” the GEA wrote. “Geothermal companies expect to continue their work domestically and internationally to answer the needs of the marketplace for clean, reliable power with improved performance, flexibility and availability.”

A report published earlier this month by the Canadian Geothermal Energy Association concluded (unsurprisingly, given the source) that geothermal is a cheaper option than hydro — on top of other benefits such as little environmental impact, more jobs, and cheaper to produce energy.

It is unsurprising, therefore, that geothermal is being so readily adopted in emerging economies such as those across East Africa, Central America, and the South Pacific.

In Central America, Costa Rica received a $550 million loan from Japan for geothermal projects totalling 165 MW, while El Salvador hit a new milestone, acquiring 25% of its electricity generation from geothermal.

Two highlights from East Africa include a new 280 MW addition at the Olkaria field in Kenya, and Ethiopia and the World Bank teaming up to add four million people to the grid in the next five years by using geothermal power.

Construction began in Indonesia, in the South Pacific, on the 330 MW Sarulla project, which will be the largest geothermal power plant ever built. Across the waters in the Philippines, the country’s energy department announced plans to increase geothermal generation from to 3.3 GW by 2020.

With so many projects and advances being made across emerging economies, geothermal is shaping up to be one of the most important renewable energy sources in parts of the world which need cheap and efficient energy the most.

 
Appreciate CleanTechnica’s originality? Consider becoming a CleanTechnica Member, Supporter, Technician, or Ambassador — or a patron on Patreon.
 
 

Advertisement
 
Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.

Written By

I'm a Christian, a nerd, a geek, and I believe that we're pretty quickly directing planet-Earth into hell in a handbasket! I also write for Fantasy Book Review (.co.uk), and can be found writing articles for a variety of other sites. Check me out at about.me for more.

Comments

You May Also Like

Cars

There is probably no better place and time to advertise vehicles with Vehicle-to-Load (V2L) capability than in South Africa right now! Vehicles equipped with...

Clean Power

When I was in primary school, in Mutare, Zimbabwe, a fairly large dam was being build in our province, Manicaland. Osbourne Dam, on the Odzi...

Clean Transport

Motorcycles sales in Kenya increased yet again in 2020, breaking the trend where sharp declines in registration were observed across the other motor vehicle...

Clean Power

As the world races to decarbonize, Kenya’s electricity sector is well on the way to being powered by 100% renewables. According to the latest...

Copyright © 2021 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.