Isn’t it a wonderful time to be in the geothermal energy industry?
Over the past 5 years, geothermal installed capacity has grown almost 1,800 MW in just the 15 fastest-growing jurisdictions: Kenya, the United States, Turkey, New Zealand, Indonesia, Iceland, Italy, Nicaragua, Mexico, Costa Rica, Germany, China, Australia, Romania, and Taiwan.
But the real news here is that, going beyond the surface with an analysis of the growth in worldwide geothermal installed capacity in MWe from 1950 until the 2015 total of 12,635 MW, we are presented with a second exponential growth phase for geothermal installed capacity!
The industry’s renewed vigor here is mainly due to the increase in medium-low temperature development projects through binary plants, in order that the industry may realize all the economically viable projects worldwide.
“If the target of 140 GWe (2050) will be reached, it would be possible to produce from geothermal up to 8.3% of total world electricity production, serving 17% of world population.”
93.5% of the current geologic potential remains untapped, and right now nearly 80 countries have projects in the pipeline. If all countries reach their announced geothermal power goals the global industry could reach 27-30 GW by the early 2030s.
Now that we have confirmation from the installed capacity historical data that it can be done – how do we make this happen?
- How can regulation enable cost-competitive electricity generation from enhanced geothermal systems (EGS) and other “forgotten renewables” in the United States?
- What legislation is needed to achieve 33 percent of retail electricity sales in California from renewable sources by the end of 2020?
- How does the $5.8 million Geothermal Grant and Loan Program work?
- In Indonesia, how can developers tap the $76 million (IDR 1 trillion) fund for geothermal exploration to mitigate early-stage costs and risks?
- How can we partner with East African governments to increase the knowledge, development and utilization of the East African Rift region’s rich geothermal resources?
- How can governments in countries like Kenya and the Philippines enable funding for the first project phases?
- How can countries like Iceland and Costa Rica make project risks manageable for geothermal concession-holders?
- How can countries like Mexico and Turkey ensure geothermal power plant projects are bankable for both public and private sector?
- How are countries like Chile, Indonesia and Ethiopia promoting geothermal and other renewable energy technologies?
- What do public funding agencies look for when making funding decisions?
- How can developers tap the drivers for wealthy countries’ development engagement with countries in Africa?
- What instruments are funding agencies creating to help geothermal developers take on riskier projects?
- Where does geothermal fit in the mission to provide universal access to affordable energy?
- How does the geothermal industry align more closely with funding for low carbon development?
- What can we offer to be part of building and operating a 500 MW facility in Africa?
- What are the other 100+ MW opportunities in Kenya, beyond Olkaria?
- How can we be part of meeting Indonesia’s rising demand for power?
- How do we overcome infrastructure obstacles, such as those relating to transmission networks?
- How can we build broad stakeholder support for geothermal projects?
- What production drilling strategies are Asian developers pursuing?
- What progress are we making in California and Imperial Valley?
- How do we address environmental concerns over geothermal development in national parks?
- How do we optimize the environmental and financial sustainability of geothermal plants up for expansion?
- What is the outlook for medium-low temperature development projects and binary plant technologies?
- What technologies are needed as we proceed to build this 8,808 MWe increase in installed capacity?
Enjoy candid and dynamic discussions with international industry peers on the above issues leading to a stronger role for geothermal in the world’s electricity generation mix at the the 5th World Geothermal Energy Summit 2015, happening December 10-11, 2015 in San Francisco, California, bringing the latest financing and technology options to help our teams maximize returns from our geothermal investments. Register today!
Opportunities at the World Geothermal Energy Summit 2015
Attend the World Geothermal Energy Summit 2015 and get in the door to geothermal development and construction projects in countries like the USA, Indonesia, Ethiopia, Kenya, the Philippines, Iceland, Costa Rica, Mexico, Turkey, Chile, Djibouti, Bolivia, and others!
What is different about the WGES is the participation of the entire international commercial ecosystem needed to bring a project from idea to completion and maintenance - including the regulators, the gencos and plant operators, the best technologies, and the funding agencies and development banks who provide the project financing.
The summit is happening December 10-11, 2015 in San Francisco, California with a site tour on the second day (new tour destination/s being confirmed due to current conditions at the Geysers related to the Valley wildfires).
By attending, you will enable the industry to:
- Encourage government policies to ensure that the environmental costs of energy developments are internalized and reflected in their pricing
- Support policies to minimize legislative and administrative barriers to geothermal development
- Promote cooperation among governments, funding agencies and developers in disseminating accurate information about the technology, costs and performance of geothermal developments
- Push for appropriate respect and cooperation with indigenous peoples when developing geothermal features upon and beneath their traditional lands, where such traditional relationships exist, and promote fair negotiation practices
- Advance research and development into decreasing the cost of geothermal power, and extending geothermal production to lower resource temperatures and across a greater range of geological settings
- Break down the financial risk barrier that commonly delays drilling on new ‘green field’ geothermal projects, and
- Facilitate knowledge transfer from geothermally experienced to less experienced countries
REGISTER TODAY! For speaking, sponsoring, exhibiting or delegate enquiries contact:
- Call us at +1 917 512 2878
- Fax the registration to +1 646 513 4296
- Email your delegates’ details to firstname.lastname@example.org
- Register on the website www.arcmediaglobal.com/geothermal/
- Tweet us @WorldGeothermal
See you there!
Rex Ian Sayson