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

Geothermal Energy Capacity Expected to More Than Double by 2030

Geothermal Energy Capacity Expected to More Than Double by 2030

Geothermal energy capacity will more than double by 2030 as developing economies including Indonesia, Chile and Kenya take advantage of natural resources, according to Bloomberg New Energy Finance.

Global capacity is estimated to reach 28.3 gigawatts in 62 markets in 2030, compared with 11.4 gigawatts in 25 markets last year, Mark Taylor, a New Energy Finance analyst, said today at the U.S. and International Geothermal Energy Finance Forum in New York.

“Geothermal is being seen as a development tool now, not just a niche market,” Taylor said. “It can be used as a driver of economic growth.”

Capacity in Indonesia, Southeast Asia’s fastest-growing economy, is estimated to more than triple to 5.6 gigawatts and account for 20 percent of output, becoming the world’s largest market. It ranked third in 2012 at 1.3 gigawatts.

Chile will increase to 1.9 gigawatts from none and Kenya to 3.5 gigawatts from 202 megawatts, according to data compiled by London-based New Energy Finance.

Geothermal energy uses naturally occurring hot water on the surface or underground to power a heat pump or turbine for electricity generation.

The U.S. was the largest market in 2012 with about 3 gigawatts, approximately 27 percent of global capacity, followed by the Philippines at 1.7 gigawatts at 15 percent.

Copyright 2013 Bloomberg

Lead image: Geothermal plant via Shutterstock


Volume 18, Issue 3


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



National Geothermal Summit 2015

The Geothermal Energy Association (GEA) is pleased to be holding its fif...

Energy Storage USA 2015

Energy Storage USA is the leading conference in the United States focuse...

GEA Geothermal Energy Expo 2015

Every year, the Geothermal Energy Expo® hosts the world's largest ga...


Net Zero Energy Efficient Buildings and Geothermal Heat Pumps

As the U.S. market for green building design and construction evolves, ...

Clean Energy Patents Rise in 2014, Solar Tops others, Toyota and GM...

U.S. patents for Clean Energy technologies in 2014 were again at an all ...

California Solar Installations Put 6 Gigawatts of Power Online

That’s according to figures from the California Independent System...


Tweet the Editors! @megcichon @jennrunyon


Renewable Energy: Subscribe Now

Solar Energy: Subscribe Now

Wind Energy: Subscribe Now

Geothermal Energy: Subscribe Now

Bioenergy: Subscribe Now