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California Geothermal Resource Areas2 Renewable Energy Incentives • InterconnectionStandards(upto10MW) • PowerSourceDisclosureProgram(utilities) • Public Benefit Funds for Renewables & Efficiency (“public goods surcharge”), R&D funds for renewable energy programs (until 2011) • Supplemental Energy Payments (production based incentive) Electricity Production (2006)3 • TotalInstalledCapacity61,707MW • Net Total Electricity Generation: 294,865 GWh; Other Renewables ~ 11% Source: (1) GEA Developing Projects Update, at: http://www.geo-energy.org/information/developing/CA/CA.asp , (2) Department of Energy, via Idaho National Laboratory: http://geothermal.id.doe.gov/maps/ca.pdf, and R. Bertani, “World Geothermal Power Generation in the period 2001-2005” (Geothermics 34(2005) 651-690), (3) California Energy Commission, at: http://www.energy.ca.gov/electricity/gross_system_power.html HAWAII Geothermal could supply around 30% of today’s electricity generation in the state. Current1 • There is one power plant on the big island of Hawaii. The Puna Geothermal Venture has an average installed capacity of 25-35 MW, supplying around 20% of the total electricity needs of the Big Island. • It is planned to extend the existing capacity at Puna by another 38 MW.Arizona Geothermal Resource Areas2 Hawaii Geothermal Resource Areas2 Potential (WGA Geothermal Task Force Estimates) • Shortterm,nearmarket(2015):70MW • Long-term(2025):400MW Renewable Energy Standards • Renewable Portfolio Standard for Geothermal Electric & Heat Pumps, 10% by 2010, 15% by 2015 and 20% by 2020 (incl. existing renewables) Renewable Energy Incentives September 2007 – Glitnir Geothermal Research 23 • • High T echnology Business Investment T ax Credit for Geothermal Electric & Geothermal Heat Pumps (max. limit USD 2.0 million tax credit on equity investment, different percentages/ year) InterconnectionStandards(upto50kWcapacity)PDF Image | GEOTHERMAL ENERGY MARKET REPORT
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