REN21: slow but steady growth for geothermal in 2014
REN21: " Over the past five years, total power capacity has grown at an average annual rate of 3.6%, and heat capacity at an estimated 5.9%"
A new edition of REN21’s Renewables Global Status Report (GSR) released earlier this week provides a “comprehensive and timely overview of renewable energy market, industry, investment and policy developments worldwide.”
The report is very extensive and covers the renewables energy sector. Regarding geothermal: “About 640 megawatts (MW) of new geothermal power generating capacity came on line, for a total approaching 12.8 gigawatts (GW), producing an estimated 74 terawatt-hours (TWh) in 2014. The largest share of new geothermal power capacity came on line in Kenya, underscoring the growing emphasis on geothermal energy in East Africa. An estimated 1.1 gigawatts-thermal (GWth) of geothermal direct use (heat) capacity was added in 2014 for a total of 20.4 GWth; output was an estimated 263 petajoules (PJ) in 2014 (73 TWh). Over the past five years, total power capacity has grown at an average annual rate of 3.6%, and heat capacity at an estimated 5.9%. The geothermal industry continues to face significant project development risk; various efforts are under way to ameliorate such risks in developed and developing countries.”
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