25 May '18, 9pm

Flashback 2009: Geothermal Developers Remain Optimistic | News | NREL

Geothermal Developers Remain Optimistic January 5, 2009 While the global financial crisis continues to rattle financial markets and companies worldwide, and shrinks capital available for renewable energy projects of all types, the outlook for geothermal development remains positive. Bronko Terzic, global regulatory policy leader for consulting firm Deloitte Inc., sees increased activity among developers and entrepreneurs in all areas of renewable energy, including geothermal. Still, support from the U.S. Congress via actions such as cap and trading legislation, which will in effect raise the cost of conventional fossil fuel generation closer to or above the cost of alternative energy, will be needed to allow geothermal to thrive. Hurdles such as capital intensive technology also will need to be overcome with financing and incentives such as tax breaks, Terzic noted. One po...

Full article: https://www.nrel.gov/news/program/2009/669.html

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