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New Mexico Geothermal Resource Areas2 Renewable Energy Incentives • AlternativeEnergyProductManufacturersTax Credit (Industry recruitment), geothermal electric (5% of taxpayer’s qualified expenditures, 5 yr tax credit forward) • Interconnection Standards (up to 80 MW capacity) • Line Extension (analysis), geothermal electric (<25 kW) • Mandatory Utility Green Power Option, geothermal electric (utility) • New Mexico Net Metering, geothermal electric (IOUs, co-ops; <80 MW) Electricity Production (2005)3 • TotalInstalledCapacity.6,480MW • Net Total Electricity Generation: 35,136 GWh; Other Renewables ~ 2.3% Sources: (1) GEA Developing Projects Update, at: http://www.geo-energy.org/information/developing/New%20Mexico/NM.asp, (2) Department of Energy, via Idaho National Lab.: http://geothermal.id.doe.gov/maps/nm.pdf, (3) EIA, Annual Data for New Mexico, at: http://www.eia.doe.gov/cneaf/electricity/st_profiles/new_mexico.html OREGON Geothermal could add around 10-15% to the state’s total electricity generation Current1 • TherearenogeothermalpowerplantsinOregontoday. • 4 projects are currently under development, together with unconfirmed projects the total installed capacity would supply up to 213 MW. Oregon Geothermal Resource Areas2 Potential (WGA Geothermal Task Force Estimates) • Shortterm,nearmarket(2015):380MW • Long-term(2025):1,250MW Renewable Energy Standards • RenewablePortfolioStandard,geothermalelectric • Large utilities 25% by 2025, small utilities 10% by 2025, smallest utilities 5%. Renewable Energy Incentives • BEF- Renewable Energy Grant (non-profit, local & tribal gov’t) • Business Energy Tax Credit (Corp. Tax Credit), geoth. electric & heat pumps, 50% of eligible project cost, distributed over 5 years (10%/ year), max $10m. • Energy Trust – Open Solicitation Program (state grant program) • Renewable Energy Systems Exemption (property tax exemption, 100%), geothermal electric & heat pumps September 2007 – Glitnir Geothermal Research 26PDF Image | GEOTHERMAL ENERGY MARKET REPORT
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