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PROMOTING GEOTHERMAL POWER GENERATION SUMMARY OF ALMOST TWO DECADES OF ORMAT EXPERIENCE Michael Lax ORMAT Group of Companies Background During the past two decades ORMAT has constructed 700 MW of geothermal energy power plants in 11 countries, from the USA to Iceland, New Zealand and the Philippines. One can see ORMAT in almost every recent active geothermal development. During these years ORMAT's geothermal plants have avoided some 13 million tons of CO2 emissions, contributing to environmentally benign power generation. ORMAT's systems for electricity generation using geothermal energy have proven to be reliable and flexible. ORMAT's power plants are modular, tailor-made to the resource, and on-line at an impressive average of 98%. The following presentation is designed to share ORMAT's experience in promoting geothermal power projects, and in tackling conceptual, institutional and financial difficulties for successful and even accelerated development of renewable energy implementation as a positive contribution to increasing the quality of life on a worldwide basis. Geothermal Power Generation Status In 2001 the total global geothermal installed capacity has already exceeded 8,000 MW. Yet the rate of developmental growth slowed from 22.5% per 5 years in the eighties, to about 16.7% in the nineties (Huttrer, 2000). The slowing rate of growth of international geothermal development was caused by “objective” influences in the energy market, i.e. the decrease in prices of petroleum products or the economic crisis in Southeast Asia (just where geothermal development was accelerating), as well as hurdles caused as an outcome of the overall misperception of the role of renewable energy in general, and geothermal in particular. Geothermal energy is perceived as a small-scale, highly dispersed resource (often located in rural, less important areas). Geothermal power projects are characterized by higher initial capital costs than large thermal power projects (due to the fact that these capital costs include a lifetime supply of fuel), the resource development is perceived as a high-risk. The conclusion is obvious... While geothermal power generation today supplies electricity to some 40 million people, its ultimate potential is substantially untapped. Worldwide, geothermal power could serve the electricity needs of some 865 million people, or 17% of the world’s population (Gawell, Reed and Wright, 1999). The study identified 33 countries that could be 100% geothermal powered, mostly in Africa, Central and South America and the Pacific.PDF Image | Organisations in Different Renewables
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