Geothermal Power Market in Americas to 2020 - High Potential along with Favorable Policies Propelling The US Market by GBIResearch

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									             Geothermal Power Market in Americas to 2020 - High
               Potential along with Favorable Policies Propelling
                                The US Market
     Reference Code: GBIAE0014MR                                                                                                                 Publication Date: January 2011

                                     The US Will Maintain its Leadership Position in the Global Market for Geothermal Power
                                     Generation
Stimulus funding from US             The US dominates the global geothermal market as well as the Americas market. The United
government through                   States Department of Energy (DOE) is very actively promoting renewable and geothermal energy
programs like GTP and                production in the country. Many policies and tax incentives are being devised to support
others, is going to propel           geothermal developmental projects. The US government has also provided a stimulus funding of
the US. geothermal                   $338m for the development of geothermal projects under its Geothermal Technologies Program
industry.                            (GTP).
                                     The US currently has many geothermal projects either under construction or in the planning phase.
                                     The capacity that is under development is more than the current total capacity of the entire
                                     Americas. It has more than 100 projects in the pipeline, which would add more than 7,000 MW of
                                     capacity.
                                     It is estimated that the cumulative installed capacity for geothermal power of US. would grow from
                                     3,153 MW in 2009 to 11,693 m in 2020 growing at a CAGR of 12.7%. And the power generation
                                     would grow from 19,610 GWh in 2009 to 69,690 GWh in 2020 growing at a CAGR of 12.2%.
                                     The figure below shows the cumulative installed capacity and power generation of the US. for the
                                     period 2000–2020.

                                       Geothermal Power Market, the US., Cumulative Installed Capacity and Generation, MW
                                       and GWh, 2000─2020

                                                                                14,000                                                                              80,000


                                                                                                                                                                    70,000
                                                                                12,000
                                           Cumulative Installed Capacity (MW)




                                                                                                                                                                    60,000
                                                                                10,000




                                                                                                                                                                             Power Generation (GWh)
                                                                                                                                                                    50,000
                                                                                 8,000

                                                                                                                                                                    40,000

                                                                                 6,000
                                                                                                                                                                    30,000

                                                                                 4,000
                                                                                                                                                                    20,000


                                                                                 2,000
                                                                                                                                                                    10,000


                                                                                    0                                                                               0
                                                                                               2000                           2010                    2020

                                                                                         Cumulative Installed Capacity (MW)          Power Generation (GWh)

                                       Source: GBI Research




Geothermal Power Market in Americas to 2020 - High Potential                                                                                     GBIAE0014MR /Published JAN 2011
along with Favorable Policies Propelling The US Market
                                                                                                                                                                                   Page 1
                                                                                                            © GBI Research. This is a licensed product and is not to be photocopied
                                     The Central America Geothermal Industry is Going to Tap into its Huge Geothermal
                                     Potential
   Central and South                 Central America has huge potential for geothermal power generation. But only a few Central
   American countries have           American countries, such as Mexico, El Salvador, Costa Rica, Nicaragua and Guatemala, are
   huge geothermal                   currently harnessing geothermal power. With increasing emphasis on renewable sources for power
   potential, many countries         generation around the world, and focus on gaining energy independence, many of these countries
   are devising plans to tap         have started projects to develop geothermal resources. In addition, many other countries not
   this reliable source of           producing geothermal power are investing in the development of geothermal resources.
   energy.
                                     In the period 2000–2020, the installed capacity for geothermal power generation in Central America
                                     is expected to grow from 1,141 MW in 2000 to 1,465 MW in 2009, at a CAGR of 2.8%.
                                     In the forecast period 2010–2020, installed capacity for geothermal power generation is expected
                                     to increase from 1,465 MW in 2009 to 2,087 MW in 2020 at a CAGR of 3.4%.
                                     The figure below shows installed capacity for geothermal power generation for 2000–2009 and the
                                     estimated installed capacity for geothermal power generation for the forecast period 2010–2020.

                                       Geothermal Power Market, Central Americas, Cumulative Installed Capacity, MW,
                                       2000-2020

                                                                                     2,500




                                                                                     2,000
                                                Cumulative Installed Capacity (MW)




                                                                                     1,500




                                                                                     1,000




                                                                                      500




                                                                                        0
                                                                                             2000
                                                                                                    2001
                                                                                                           2002
                                                                                                                  2003
                                                                                                                         2004
                                                                                                                                 2005
                                                                                                                                        2006
                                                                                                                                                 2007
                                                                                                                                                        2008
                                                                                                                                                               2009
                                                                                                                                                                      2010
                                                                                                                                                                             2011
                                                                                                                                                                                    2012
                                                                                                                                                                                           2013
                                                                                                                                                                                                   2014
                                                                                                                                                                                                          2015
                                                                                                                                                                                                                 2016
                                                                                                                                                                                                                        2017
                                                                                                                                                                                                                               2018
                                                                                                                                                                                                                                      2019
                                                                                                                                                                                                                                             2020
                                                                                         Central America                 Mexico                El Salvador             Costa Rica                 Nicaragua             Guatemala

                                       Source: GBI Research



                                     Government Regulations and Tax Incentives Are Going to Spur the Growth of the
                                     Geothermal Industry in the Americas
                                     Geothermal resource exploration and development requires an enormous amount of initial
                                     investment and this acts as one of the major restraining factors for companies in this industry. The
                                     government agencies in many countries keen to develop their geothermal resources have provided
                                     many tax incentives and devised various favorable policies to encourage these companies to invest
                                     in the sector. These regulations are going to help the companies to gain the initial investment for
                                     their projects - and will spur growth in this sector.




Geothermal Power Market in Americas to 2020 - High Potential                                                                                                                                      GBIAE0014MR /Published JAN 2011
along with Favorable Policies Propelling The US Market
                                                                                                                                                                                                                                                    Page 2
                                                                                                                                © GBI Research. This is a licensed product and is not to be photocopied
                                     1         Table of Contents
                                     1   Table of Contents ........................................................................................................................ 3
                                         1.1    List of Tables..................................................................................................................... 6
                                         1.2    List of Figures ................................................................................................................... 7
                                     2   Research Overview ..................................................................................................................... 8
                                         2.1    What this Report is about .................................................................................................. 8
                                         2.2    How to Use this Report ..................................................................................................... 8
                                         2.3    Industry Definition ............................................................................................................. 8
                                         2.4    GBI Research Report Guidance ....................................................................................... 8
                                     3   The Global Geothermal Power Market to 2020 ......................................................................... 10
                                         3.1    The Global Renewable Power Market, Overview............................................................ 10
                                            3.1.1    Global Renewable Power Market, Cumulative Installed Capacity, 2000–2020 ....... 11
                                            3.1.2    Global Renewable Power Market, Power Generation, 2000–2020.......................... 13
                                            3.1.3    The Global Renewable Power Market, By Technology ........................................... 15
                                         3.2    The Global Geothermal Power Market, Technology Overview ....................................... 16
                                            3.2.1    Conventional Steam Turbine Technology ................................................................ 17
                                            3.2.2    Binary Cycle Plant Technology ................................................................................ 19
                                            3.2.3    Emerging Technologies ........................................................................................... 22
                                         3.3    The Global Geothermal Power Market, Overview ........................................................... 22
                                            3.3.1    Global Geothermal Power Market, Cumulative Installed Capacity, 2000–2020 ...... 24
                                            3.3.2    Global Geothermal Power Market, Power Generation, 2000–2020 ......................... 27
                                         3.4    The Global Geothermal Power Market, Key Drivers and Restraints for Development .... 29
                                            3.4.1    Key Drivers for Development of the Global Geothermal Power Industry ................. 29
                                            3.4.2    Key Restraints in the Development of the Global Geothermal Power Market ......... 30
                                         3.5    The Global Geothermal Power Industry, Key R&D Trends ............................................. 31
                                         3.6    The Global Geothermal Power Market, Cost Analysis .................................................... 31
                                            3.6.1    Capital Cost ............................................................................................................. 32
                                            3.6.2    Operation and Maintenance Cost ............................................................................ 33
                                            3.6.3    Levelized Cost ......................................................................................................... 33
                                         3.7    International Geothermal Organizations ......................................................................... 33
                                            3.7.1    International Geothermal Association (IGA) ............................................................ 33
                                            3.7.2    Geothermal Resource Council (GRC) ..................................................................... 34
                                            3.7.3    Geothermal Energy Association (GEA) ................................................................... 34
                                     4   The Americas, Geothermal Power Market to 2020 .................................................................... 35
                                         4.1    The Americas Region’s Renewable Power Market, Overview ........................................ 35
                                            4.1.1    The Americas, Renewable Power Market, Cumulative Installed Capacity, 2000–
                                                     2020 ........................................................................................................................ 35
                                            4.1.2    The Americas, Renewable Power Market, Power Generation, 2000–2020 ............. 38
                                            4.1.3    The Americas, Renewable Power Market, Capacity by Technology ....................... 40
                                         4.2    The Americas, Geothermal Power Market, Overview and Potential Analysis ................. 41
                                            4.2.1    The Americas, Geothermal Power Market, Cumulative Installed Capacity, 2000–
                                                     2020 ........................................................................................................................ 42
                                            4.2.2    The Americas, Geothermal Power Market, Power Generation, 2000–2020 ............ 44
                                            4.2.3    The Americas, Geothermal Power Market, Country Analysis .................................. 46
                                         4.3    The Americas, Geothermal Power Market, Major Deal Analysis..................................... 47
                                            4.3.1    The Americas, Geothermal Power Market, Number of Deals .................................. 47
                                            4.3.2    The Americas, Geothermal Power Market, Type of Deals Analysis ........................ 49
                                            4.3.3    The Americas, Geothermal Power Market, Deal Analysis on a Regional Basis ...... 51
                                         4.4    The Americas, Geothermal Power Market, Competitive Landscape ............................... 57
                                            4.4.1    Power Plant Manufacturers ..................................................................................... 57
                                            4.4.2    Equipment Manufacturers ....................................................................................... 58
                                     5   The US, Geothermal Power Market to 2020 .............................................................................. 59
                                         5.1    The US, Geothermal Power Market, Overview and Potential Analysis ........................... 59
                                            5.1.1    The US, Geothermal Power Market, Cumulative Installed Capacity, 2000–2020 .... 61


Geothermal Power Market in Americas to 2020 - High Potential                                                                        GBIAE0014MR /Published JAN 2011
along with Favorable Policies Propelling The US Market
                                                                                                                                                                           Page 3
                                                                                       © GBI Research. This is a licensed product and is not to be photocopied
                                             5.1.2 The US, Geothermal Power Market, Power Generation, 2000–2020 ...................... 63
                                             5.1.3 The US, Geothermal Power Market, Share in Renewable Power Generation
                                                   Capacity .................................................................................................................. 65
                                        5.2    The US, Geothermal Power Market, Geothermal Power Projects .................................. 66
                                           5.2.1   The US, Geothermal Power Market, Major Active Geothermal Power Projects ...... 66
                                           5.2.2   The US, Geothermal Power Market, Development Highlights ................................. 69
                                        5.3    The US, Geothermal Power Market, Regulatory Framework .......................................... 73
                                     6 Mexico, Geothermal Power Market to 2020 .............................................................................. 76
                                        6.1    Mexico, Geothermal Power Market, Overview and Potential Analysis ............................ 76
                                           6.1.1   Mexico, Geothermal Power Market, Cumulative Installed Capacity, 2000–2020 .... 78
                                           6.1.2   Mexico, Geothermal Power Market, Power Generation, 2000–2020 ....................... 80
                                           6.1.3   Mexico, Geothermal Power Market, Share in Renewable Power Generation
                                                   Capacity .................................................................................................................. 82
                                        6.2    Mexico, Geothermal Power Market, Geothermal Power Projects ................................... 83
                                           6.2.1   Mexico, Geothermal Power Market, Major Active Geothermal Power Projects ....... 83
                                           6.2.2   Mexico, Geothermal Power Market, Development Highlights .................................. 85
                                        6.3    Mexico, Geothermal Power Market, Regulatory Framework ........................................... 86
                                     7 El Salvador, Geothermal Power Industry to 2020 ...................................................................... 87
                                        7.1    El Salvador, Geothermal Power Market, Overview and Potential Analysis ..................... 87
                                           7.1.1   El Salvador, Geothermal Power Market, Cumulative Installed Capacity, 2000–2020
                                                    ................................................................................................................................ 88
                                           7.1.2   El Salvador, Geothermal Power Market, Power Generation, 2000–2020 ................ 90
                                           7.1.3   El Salvador, Geothermal Power Market, Share of Renewable Power Generation
                                                   Capacity .................................................................................................................. 92
                                        7.2    El Salvador, Geothermal Power Market, Geothermal Power Projects ............................ 93
                                           7.2.1   El Salvador, Geothermal Power Market, Major Active Geothermal Power Projects 93
                                           7.2.2   El Salvador, Geothermal Power Market, Development Highlights ........................... 93
                                        7.3    El Salvador, Geothermal Power Market, Regulatory Framework .................................... 94
                                     8 Costa Rica, Geothermal Power Industry to 2020....................................................................... 95
                                        8.1    Costa Rica, Geothermal Power Market, Overview and Potential Analysis ...................... 95
                                           8.1.1   Costa Rica, Geothermal Power Market, Cumulative Installed Capacity, 2000–2020
                                                    ................................................................................................................................ 97
                                           8.1.2   Costa Rica, Geothermal Power Market, Power Generation, 2000–2020 ................. 99
                                           8.1.3   Costa Rica, Geothermal Power Market, Share in Renewable Power Generation
                                                   Capacity ................................................................................................................ 101
                                        8.2    Costa Rica, Geothermal Power Market, Geothermal Power Projects ........................... 102
                                           8.2.1   Costa Rica, Geothermal Power Market, Major Active Geothermal Power Projects102
                                           8.2.2   Costa Rica, Geothermal Power Market, Development Highlights.......................... 103
                                        8.3    Costa Rica, Geothermal Power Market, Regulatory Framework................................... 103
                                     9 Nicaragua, Geothermal Power Industry to 2020 ...................................................................... 104
                                        9.1    Nicaragua, Geothermal Power Market, Overview and Potential Analysis ..................... 104
                                           9.1.1   Nicaragua, Geothermal Power Market, Cumulative Installed Capacity, 2000–2020
                                                    .............................................................................................................................. 105
                                           9.1.2   Nicaragua, Geothermal Power Market, Power Generation, 2000–2020 ................ 108
                                           9.1.3   Nicaragua, Geothermal Power Market, Share in Renewable Power Generation
                                                   Capacity ................................................................................................................ 110
                                        9.2    Nicaragua, Geothermal Power Market, Geothermal Power Projects ............................ 111
                                           9.2.1   Nicaragua, Geothermal Power Market, Major Active Geothermal Power Projects 111
                                           9.2.2   Nicaragua, Geothermal Power Market, Development Highlights ........................... 111
                                        9.3    Nicaragua, Geothermal Power Market, Regulatory Framework .................................... 112
                                     10 Guatemala, Geothermal Power Market to 2020 ...................................................................... 113
                                        10.1 Guatemala, Geothermal Power Market, Overview and Potential Analysis .................... 113
                                           10.1.1 Guatemala, Geothermal Power Market, Cumulative Installed Capacity, 2000–2020
                                                      115
                                           10.1.2 Guatemala, Geothermal Power Market, Power Generation, 2000–2020 ............... 117
                                           10.1.3 Guatemala, Geothermal Power Market, Share in Renewable Power Generation . 119

Geothermal Power Market in Americas to 2020 - High Potential                                                                          GBIAE0014MR /Published JAN 2011
along with Favorable Policies Propelling The US Market
                                                                                                                                                                             Page 4
                                                                                        © GBI Research. This is a licensed product and is not to be photocopied
                                        10.2 Guatemala, Geothermal Power Market, Geothermal Power Projects ........................... 120
                                           10.2.1 Guatemala, Geothermal Power Market, Major Active Geothermal Power Projects120
                                           10.2.2 Guatemala, Geothermal Power Market, Development Highlights.......................... 120
                                        10.3 Guatemala, Geothermal Power Market, Regulatory Framework................................... 121
                                     11 Appendix ................................................................................................................................. 122
                                        11.1 Methodology ................................................................................................................. 122
                                           11.1.1 Coverage ............................................................................................................... 122
                                           11.1.2 Secondary Research ............................................................................................. 122
                                           11.1.3 Primary Research .................................................................................................. 122
                                           11.1.4 Expert Panel Validation ......................................................................................... 123
                                        11.2 Industry Definition ......................................................................................................... 123
                                        11.3 Abbreviations ................................................................................................................ 124
                                        11.4 Contact Us .................................................................................................................... 125
                                        11.5 Disclaimer ..................................................................................................................... 125




Geothermal Power Market in Americas to 2020 - High Potential                                                                         GBIAE0014MR /Published JAN 2011
along with Favorable Policies Propelling The US Market
                                                                                                                                                                            Page 5
                                                                                       © GBI Research. This is a licensed product and is not to be photocopied
                                     1.1       List of Tables
                                     Table 1: Renewable Power Market, Global, Cumulative Installed Capacity, MW, 2000-2020 .... 12
                                     Table 2: Renewable Power Market, Global, Power Generation, GWh, 2000-2020 ...................... 14
                                     Table 3: Renewable Power Market, Global, Capacity by Technology, %, 2009........................... 16
                                     Table 4: Comparison Between Different Technologies used in Geothermal Power Plants .......... 21
                                     Table 5: Geothermal Power Market, Global, Cumulative Installed Capacity, MW, 2000-2020.... 26
                                     Table 6: Geothermal Power Market, Global, Power Generation, GWh, 2000-2020 ..................... 28
                                     Table 7: Capital Cost Comparison on the basis of Size of Plant and Quality of Resource, 2009 .. 32
                                     Table 8: Operation Cost Comparison on the basis of Size of Plant, US cents/KWh, 2009 .......... 33
                                     Table 9: Renewable Power Market, the Americas, Cumulative Installed Capacity, MW, 2000-
                                               2020 ............................................................................................................................... 37
                                     Table 10: Renewable Power Market, the Americas, Power Generation, GWh, 2000-2020 ........... 39
                                     Table 11: Renewable Power Market, the Americas, Generation Capacity by Technology, %, 2009
                                               ....................................................................................................................................... 40
                                     Table 12: Geothermal Power Market, the Americas, Cumulative Installed Capacity, MW, 2000-
                                               2020 ............................................................................................................................... 43
                                     Table 13: Geothermal Power Market, the Americas, Power Generation, GWh, 2000-2020 .......... 45
                                     Table 14: Geothermal Power Market, the Americas, Capacity by Country, %, 2009 ..................... 47
                                     Table 15: Geothermal Power Market, the Americas, Major Deals, Oct 2008-Sep 2010 ................ 48
                                     Table 16: Geothermal Power Market, the Americas, Major Deals by Type, Oct 2008-Sep 2010 .. 50
                                     Table 17: Geothermal Power Market, the Americas, Major Deals by Region, Oct 2008-Sep 2010
                                               ....................................................................................................................................... 51
                                     Table 18: Geothermal Power Market, North America, Major Deals, Oct 2008-Nov 2010 .............. 52
                                     Table 19: Geothermal Power Market, South and Central America, Major Deals, Oct 2008-Nov
                                               2010 ............................................................................................................................... 55
                                     Table 20: Geothermal Power Market, the US, Cumulative Installed Capacity, MW, 2000-2020 ... 62
                                     Table 21: Geothermal Power Market, the US, Power Generation, GWh, 2000-2020 .................... 64
                                     Table 22: Renewable Power Market, the US, Capacity by Technology, %, 2009 .......................... 65
                                     Table 23: Major Active Geothermal Power Projects, the US, 2009 ................................................ 66
                                     Table 24: Major Upcoming Geothermal Power Projects, the United States, 2010-2020 ................ 69
                                     Table 25: Geothermal Power Market, Mexico, Cumulative Installed Capacity, MW, 2000-2020... 79
                                     Table 26: Geothermal Power Market, Mexico, Power Generation, GWh, 2000-2020 .................... 81
  
								
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