18 Feb '15, 2pm

Geothermal Outlook 2015: International Market Ripe with Opportunity as US Market Withers

Geothermal Outlook 2015: International Market Ripe with Opportunity as US Market Withers

In 2014, the global market didn’t quite hit 1,000 megawatts (MW) of new capacity as predicted a year prior, but it did ring in a respectable 600 MW, a number that should hold steady or rise for the next three to four years, according to Ben Matek, analyst at the Geothermal Energy Association (GEA). A 2014 prediction that did live up to expectations was the sluggish U.S. market — it only represented a mere three to four megawatts of capacity last year, and Matek doesn’t see an uptick any time soon without some serious policy changes. In stark contrast, several international markets are really starting to pick up speed, most notably in East Africa, Turkey, Central America and the Asia-Pacific. “In short,” said GEA Executive Director Karl Gawell, “the geothermal industry is relying on the global market for the years immediately ahead, and the U.S. market will rebound as polic...

Full article: http://www.renewableenergyworld.com/rea/news/article/2015...

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