30 Sep '13, 1pm

Movin' and Shakin': Geothermal Projects Face a Rocky Road

Movin' and Shakin': Geothermal Projects Face a Rocky Road

Despite the 4,419 MW of planned geothermal capacity, very little concrete geothermal development is in the project pipeline. Just 8 percent, or 368 MW, of planned geothermal capacity is in advanced development or under construction. Since the rest of the planned capacity is in early stages of development or postponed, it has a lower likelihood of continuing through the process to completion. Just under 23%, or 1,000 MW, has an estimated in-service year, with 73 MW slated to come online in 2013. SNL considers a project in early development when the permitting process begins and moves a project to advanced development when two of the following five criteria are satisfied: financing in place, power purchase agreement signed, turbines secured, required permits approved or contractor signed on to the project.

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

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