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Development of Geothermal Resources Barriers Drivers • Rising oil price driving increases in power cost, which can make smaller developments more attractive • OAS-funded work has helped clarify laws, rules and regulations • Successful geothermal field on Guadeloupe and drilling on Nevis demonstrate the potential resource base and reduce risk to other projects Drawbacks • High up-front cost and risk in development • Very small power demand in these nations • Very high, marginally economical cost of undertaking small-scale projects • Lack of laws, regulations, or rules to facilitate the licensing, permitting, and/or creation of geothermal power sales agreements • Environmental, land use issues • Active Volcano Hazards Benefits • Baseload power • Small footprint • Hurricane resistant NATIONAL RENEWABLE ENERGY LABORATORY 13PDF Image | Application of Geothermal Technology in the Caribbean
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