07 Apr '12, 12pm

Geothermal Sees Steady Growth in 2011

Geothermal Sees Steady Growth in 2011

Gawell continued: “With federal tax credits expiring at the end of 2013, many new geothermal power plants cannot count on federal help. Most plants need between four and eight years of lead time before the geothermal resource is on tap. As Washington debates whether or not to extend renewable energy tax incentives, the industry struggles to continue steady growth. Stable tax credit policies would further enhance this development. State policies also continued to support new development, but need to better recognize the full value of geothermal, particularly its contribution to the reliability of the power system.”

Full article: http://cleantechnica.com/2012/04/07/geothermal-sees-stead...

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