12 Sep '13, 7am

The global geothermal industry is only seeing a 4% yearly growth rate:

Find a summary of the report here . For comparison, 415 MW went online in 2012, while more than 700 MW have been commissioned so far in 2013. These numbers have equated to a steady 4 percent growth rate each year, but year-over-year numbers aren’t always the best way to analyze geothermal industry progress, said Ben Matek, GEA analyst and author of the report. Projects tend to come online in gradual, predictable waves, Matek said. “Unlike other renewables, [geothermal] projects tend to be larger endeavors and can take up to a year to construct...depending on how you define construction,” he said. “So you can see their completion in the pipeline, and it’s more of a waiting game for the projects to become operational.” What is most notable, Matek said, is where companies are looking for new projects. For example, in 2011 and 2012, most U.S.-based companies were focused on th...

Full article: http://www.renewableenergyworld.com/rea/news/article/2013...

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