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2017 Outlook: Geothermal
Is Trending Upwards
Overall, the 2017 geothermal outlook is
positive, based on GEA analysis.
ALLIE NELSON, Contributor
Geothermal is posed to grow by
leaps and bounds internationally
in the coming years, with rapid
growth in countries like Indonesia, the Philippines, and Kenya,
all rich in geothermal resources.
Major players involve investment
International Market Highlights:
banks like JICA and the IADB,
who are teaming up with coun-
tries with untapped geother-
mal energy like Chile to diversify
their national energy portfoli-
os and meet the Paris Climate
Agreement goals of signifcant-
ly lowering the global output of
CO2 in coming decades. Countries like Kenya and Indonesia
have set frameworks in place and target goals of geothermal
development to be achieved in the coming years, providing a
signifcant portion of electricity as these countries go green.
• Between March and September 2016, a total of 44 new
geothermal power projects began development throughout
23 countries, adding 1,562.5 MW of developing capacity.
• 25. 5 MW of electricity was brought online when Unit 3 of
the Domo de San Pedro Geothermal feld was commissioned
in late April 2016. Located in the state of Nayarit, Domo de
San Pedro is the frst private geothermal feld in Mexico.
• Croatia, Iran, and Malaysia are all currently developing
their pilot geothermal projects, adding 45 MW of planned
capacity to the global mix.
• Croatia’s frst geothermal plant
at Velika Ciglena-Bjelovar is
expected to reach COD in May
2017. It is expected to have 10
MW of planned capacity.
• Iran’s 5 MW pilot geothermal plant at Meshkin Shahr is
expected to reach COD in the
frst half of 2020.
• Apas Kiri-Tawau, Malaysia’s frst geothermal plant,
is expected to reach COD
by June 2018. It is expected to have 30 MW of planned
International geothermal nameplate capacity under development as of
September 2016. Source: GEA & Allie Nelson.