25 Nov '15, 11am

Part 3 of the REMIPEG report is now up on our website: https://t.co/1PkM4CJvIi https://t.co/aVymCtVV0a

Along the Pacific Ring of Fire (on the Pacific side of the Andes), South America is characterized by very promising geothermal reservoirs which are easily accessible. Nevertheless, no geothermal power plant has been built in the region yet. The main reasons are the high investment costs for exploration and drilling in the starting phases, political instabilities or legal uncertainties, and risks associated with the establishment of the first power plant of its kind in the country. At the end of 2014, close to 1.1 GW of geothermal capacities were under operation in Oceania (7.4 TWh). In the region, the biggest single users of geothermal power are New Zealand and Papua New Guinea. More than 1 GW of electrical capacities installed in geothermal power plants are located in New Zealand, followed by Papua New Guinea with around 50 MW (0.4 TWh). Although no new geothermal power p...

Full article: http://www.renewableenergyfocus.com/view/43305/remipeg-re...

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