Study: Geothermal showing ‘strong growth’
A new report by the Geothermal Energy Association (GEA) shows strong growth in new geothermal power projects continuing through 2009. U.S. Geothermal Power Production and Development Update, Sept. 2009, identifies 144 new geothermal projects under development in fourteen states that could represent as much as 7,100 megawatts (MW) of new baseload power capacity. When added to the 3,100 MW of existing capacity, 10 Gigawatts of geothermal power appears to be feasible.
The report found a total of 144 projects under development that could add between 4,699.9 and 7,109.9 MW of power to the U.S. geothermal energy output. At the high end, that would be enough baseload power to supply about 20 percent of California’s total electric power in 2008, or enough generating capacity to supply the power needs of about 7.2 million people.
In Mississippi, the report identified one project that has the potential to produce 0.5 MW. The number of states with geothermal projects under development also increased, from 12 to 14 over the past six months, with the addition of two oil-field co-production projects in Louisiana and Mississippi.
While the report shows generally good news, it also shows a decline in projects currently listed in “phase 4,” or under construction. According to GEA, this was due to four new geothermal power projects moving to completion, but also reflects difficulty obtaining final permits and difficulty obtaining financing.
To sign up for Mississippi Business Daily Updates, click here.
One Response to “Study: Geothermal showing ‘strong growth’”
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Mississippi no longer has highest unemployment rate in nation
- McDaniel cites Gunn's challenge in his attempt to overturn loss to Cochran
- Payday lender, fired executive exchanging blame for lender’s regulatory woes
- Grain buyer’s bankruptcy could take steep toll on Delta farmers
- Once the bane of only Southerners, kudzu is migrating north and west
- UPDATE — David Watkins says JRA left him in dark about HUD's Farish St. involvement
- Mad Genius, Eyevox owner acquires Mississippi Film Studios
- SouthGroup Insurance named to 'Best Practices' study
- Senators push for protecting steel producers from imported rebar