The World's #1 Renewable Energy Network for News, Information, and Companies.
Untitled Document

IFC Study Says Over 60% of Geothermal Wells Drilled Globally are Successful

International Finance Corporation has released a new report called “Success of Geothermal Wells: A global study” with data taken from both public and private sources.

According to the report: “The key finding of this report is that overall, for those wells for which status could be verified, 78 percent of wells drilled were successful. In two thirds of the fields in the database, more than 60 percent of wells were successful.”

IFC notes that this is the first global database of wells in geothermal fields which together supply power to 71 percent of the world’s installed geothermal electricity generating capacity, making it the largest database of its kind. This report seeks to gain a better understanding of the probability of drilling a successful well, as well as the factors that go into successful drilling.

The database is compiled from public and independent sources covering the past four decades. It includes a total 2,613 wells with data on (a) completion date; (b) initial and current status; (c) power capacity (MWe); (d) depth; (e) geology type; (f) resource type (temperature/enthalpy); (g) well casing size; (h) success of the well; (i) whether a pump is used on the well; and (j) whether the well has been re-drilled.

This article was originally published in the GEA's Geothermal Weekly and was republished with permission.

Lead image: Geothermal wells via Shutterstock

Untitled Document

RELATED ARTICLES

Global Renewable Energy Roundup: China, Kenya, Turkey, India Seeking More Renewables

Bloomberg News Editors China is being encouraged by three industry groups to double the nation’s solar-power goal for 2020 to make up for sh...

With Vast Amounts of Geothermal, Wind and Hydropower, Why No Solar In New Zealand?

James Ellsmoor, Contributor New Zealand has built an international brand on environmentalism and the great outdoors. So it is unsurprising that t...

Don’t Like Obama’s Clean Power Plan? Fine, Here’s Cap and Trade

Mark Drajem and Lynn Doan, Bloomberg Republican governors who boycott the Obama administration’s new power-plant regulations may instead get an offer they...

Renewable Energy Gains Greater Opportunity in US Clean Power Plan

Elisa Wood After a year of being pummeled by opponents, Obama’s final carbon reduction plan emerged this week with an even stron...

PRESS RELEASES

Array Technologies’ DuraTrack HZ v3 Continues to (R)evolutionize at SPI

Array Technologies, Inc. (ATI) prepares to showcase its recently launched tracking syst...

Appalachian's Energy Center assists counties with landfill gas to energy projects

The Appalachian Energy Center at Appalachian State University recently completed a proj...

Early Bird Registration Deadline for GRC Annual Meeting is This Week

The deadline for early-bird rates for registration for the biggest annual geothermal ev...

Redesigned HydroWorld.com Video Gallery

Hydropower news and information, and interesting promotional announcements are now avai...

FEATURED BLOGS

Transitioning to Net-Zero Living

Judith and Jeffrey adore living in Belfast, Maine – a quaint harbor town of Belfast, Maine. They previously res...

The True Cost of Electric Vehicles in Australia

In order to avoid increased congestion, further greenhouse warming and lessen Australia’s reliance on imported ...

The Coming Multi-trillion Dollar Energy Investment Drive

In coming years, a multi-trillion dollar low-emission energy investment drive will get underway. Three catalysts wil...

The Perfect Elevator Pitch

The elevator pitch is a concise statement that grabs attention and communicates value, ideally leading to a next step...

FINANCIAL NEWS

Leslie is located in Washington DC at the Office of the Geothermal Energy Association and serves on the Renewable Energy World North America Conference and Expo committee.

CURRENT MAGAZINE ISSUE

Volume 18, Issue 4
1507REW_C11

STAY CONNECTED

To register for our free
e-Newsletters, subscribe today:

SOCIAL ACTIVITY

Tweet the Editors! @jennrunyon

FEATURED PARTNERS



EVENTS

GRC Workshop at Indonesian International Geothermal Convention & Ex...

The Geothermal Conceptual Model & Well Targeting The Geothermal Me...

2015 AREDAY Summit

The 12th Annual AREDAY Summit, August 8-13th in Snowmass Colorado. Engag...

StartUp Green

AREI, American Renewable Energy Institute, in partnership with ...

COMPANY BLOGS

Clean Energy Patents Maintain High Levels in First Quarter, Solar L...

U.S. patents for Clean Energy technologies from the first quarter of 201...

Registration Opens for GRC Annual Meeting & GEA Geothermal Energy Expo

GRC Annual Meeting & GEA Expo:   Register Now for the 2015 GRC ...

New Approach to Crowdfunding Renewable Energy Assets

In our business, our goal is to help people improve their quality of lif...

NEWSLETTERS

Renewable Energy: Subscribe Now

Solar Energy: Subscribe Now

Wind Energy: Subscribe Now

Geothermal Energy: Subscribe Now

Bioenergy: Subscribe Now  

 

FEATURED PARTNERS