by Graeme » Tue 22 Apr 2014, 19:46:39
Global Geothermal Market Saw Huge 2013 Growth, Says GEA
$this->bbcode_second_pass_quote('', ' ')The global geothermal industry had a boom year in 2013, bringing the most capacity online since 1997. The market saw 530 megawatts (MW) commissioned, which brought total global capacity to just over 12,000 MW, holding a steady 4 to 5 percent growth rate, according to the Geothermal Energy Association’s (GEA) 2014 Annual U.S. & Global Geothermal Power Production Report. These projects are located in the U.S., Philippines, Mexico, New Zealand, Germany Kenya, Australia and Turkey.
Looking ahead, there are 12,000 MW in the global pipeline, which refers to projects in phases of exploration or under construction, and 30,000 MW under development, which includes prospects (when a government tenders the property to a company for further exploration). About 10-16 percent, around 1,900 MW, of projects are currently under construction in 15 countries, and if all are completed on schedule, global capacity could reach 13,450 MW by 2017, according to the report.
If international progress stays on track, several countries, such as Indonesia or the Philippines, threaten the U.S.’ title for most nameplate capacity within the next decade.

$this->bbcode_second_pass_quote('', 'U').S. Development
The U.S. added about 85 MW of capacity to its portfolio in 2013 to bring its total up to 3,442 MW, adding new or refurbished projects in Utah, Nevada, California and New Mexico. These additions were 40 percent lower than what was added in 2012 as the industry continues to struggle with several roadblocks to development. There were also 1,000 MW of planned capacity in the works and about 3,100 MW under development, which also marked a downward trend from 2012’s 2,500 MW and 5,100 MW of planning, respectively. “Simply put, the U.S. geothermal industry is trending opposite of the international market, which is growing [steadily],” according to the report.
International Growth
Unlike the U.S., international geothermal development has been steadily growing, and 2013 was no exception. There are currently more than 700 projects under development in 72 countries. According to the report, about 10 percent of these projects have drilled injection and production wells or are in the process of constructing power plants. Fifty percent of the projects are in the exploratory stage and have drilled exploratory wells, acquired funding, or researched the resource.