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Economic Perspectives of Renewable Energy Systems

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Economic Perspectives of Renewable Energy Systems ( economic-perspectives-renewable-energy-systems )

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(E) Assessment of geothermal technologies 21.The results of the evaluation of geothermal technologies are listed in the following Table. Geothermal Systems against Evaluation Criteria Criterion Comments Potential Economic Contribution at current energy prices some/good - at special areas at 2 times current large - if market deployment will be successfull at 4 times current very large - if market deployment will be successfull and technical potential will be utilised Health & Safety Impacts to work force very good - installation and maintenance regulated by directives and standards to public very good Environment Friendliness locally very good global warming very good Input Sustainability excellent Security of supply excellent Compatibility with EU needs very good - in areas with geothermal sources Deliverability good - modular units can be installed to match demand The need for EU-wide R & D good - need to maintain competiviteness of EU manufacturers Secondary (spin-off) merits few to good - export opportunities Special Factors site depending (F) AGE recommendations 23.Geothermal worldwide technical potential, current capabilities, electricity generation/operating capacity ratio, capacity factors, and its low and consistently decreasing funding levels over the past 20 years certainly argue for significantly increased funding levels. 24. AGE- WOG-1 believes that the benefits of increased funding would include an extension of geothermal for power generation and direct heat use to areas far from tectonic plate boundaries and greatly increase the areas of utilization. 81

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