Geothermal power to grow 30 per cent in next 10 years

Geothermal power to grow 30 per cent in next 10 years

Global geothermal power capacity is expected to grow by 30 per cent between 2016 and 2026, new analysis has found.

According to a report released this week by consultancy BMI Research, geothermal power is forecast to top 16 GW in 2026, up from 12.5 GW in 2016.

Indonesia [] is expected to emerge as the largest geothermal market as soon as 2019, as the projects now in its pipeline are gradually commissioned. Over 200 MW in geothermal capacity is expected to come online by the end of this year, and the nation’s installed capacity is expected to grow to over 3 GW by 2026.

The MENA region [] will show the fastest growth in installed capacity, the report said, increasing by almost 60 per cent and driven primarily by developments in Kenya. The largest current geothermal markets, the US [] and the Philippines [], are set to show “fairly subdued” growth due to unfavorable policy environments.

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