The five trends driving the Latin America & Caribbean geothermal market | Think GeoEnergy – Geothermal Energy News

It’s a PV world, but that doesn’t mean geothermal isn’t valuable. In some regions, solar PV is the lowest cost renewable, but industry advocates want geothermal to be valued for its capability to run 24/7. Alex Richter, Founder and Principal of ThinkGeoEnergy, suggests that the industry will be pushing this attribute, saying, “the baseload capacity that geothermal energy provides is coming into focus again.” Christiaan Gischler, Lead Energy Specialist at the Inter-American Development Bank, agrees. “Many countries in the region are developing renewables and solar and wind are beating geothermal because there is no acknowledgement of intermittency,” says Gischler. “These countries are not recognizing the real value that geothermal has to offer.”

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