Geothermal Power Market in the Asia-Pacific to 2020 - South-East Asia Key Region for Geothermal Growth by GBIResearch

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Geothermal Power Market in the Asia-Pacific to 2020 - South-East Asia Key Region for Geothermal Growth

Summary

GBI Research has released its Alternative energy research, “Geothermal Power Market in the Asia-Pacific to 2020 – South-East Asia Key Region for Geothermal Growth”. The report gives an in-depth analysis of the geothermal industry in the Asia-Pacific, covering the major countries currently engaged in geothermal power production in the region, namely the Philippines, Indonesia, New Zealand, Japan and Australia. The research analyzes the current market scenario, upcoming trends, major challenges and key drivers of the geothermal industry. The report covers cumulative installed capacity and generation forecasts from the geothermal resources for all the above mentioned countries - up to 2020. It also provides a detailed analysis of existing and future geothermal potential, major projects and the regulatory framework of the mentioned countries. The report also includes an overview of the geothermal industry in the Asia-Pacific, major deals and the competitive landscape. This research study provides information on technological analysis, key research and development trends, key industry metrics such as growth drivers and restraints, cost analysis and profiles of major international geothermal organizations. This report is built using data and information sourced from proprietary databases, primary and secondary research, interviews with industry participants and in-house analysis by GBI Research’s team of industry experts.

Scope

- The in depth analysis of geothermal industry in the Asia-Pacific, covering major countries currently engaged in geothermal power production in the region, namely the Philippines, Indonesia, New Zealand, Japan and Australia.
- A detailed analysis of existing and future geothermal potential, major projects and the regulatory framework for the all the mentioned countries
- The overview of global renewable and geothermal indust

More Info
									  Geothermal Power Market in the Asia-Pacific to 2020 - South-
         East Asia Key Region for Geothermal Growth
 Reference Code: GBIAE0016MR                                                                                                                    Publication Date: February 2011


                                      Asia-Pacific will Maintain its Leadership Position in Global Geothermal Market

   Asia-Pacific region has            Currently, the Asia-Pacific is global leader in terms of geothermal power generation and will
   highest geothermal                 continue to be the same. With increasing emphasis on emission reductions and renewable power
   potential and it is the            generation, many countries in the region are investing heavily in developing geothermal resources.
   leading producer of                Geothermal power generating units, are base load plants and generate cheap power, thus, they are
   geothermal power across            good replacement for conventional sources of power.
   the world.
                                      The cumulative installed capacity and generation of the Asia-Pacific was 3,476.8 MW (Megawatts)
                                      and 20,667.7 GWh (Gigawatt hours) respectively in 2000. The capacity increased to 4,314.8 MW in
                                      2009, showing a Compound Annual Growth Rate (CAGR) of 2.4% and generation increased to
                                      26,307.2 GWh in 2009, showing a CAGR of 2.7%, for the period 2000–2009. GBI Research
                                      expects the geothermal capacity and generation of the Asia-Pacific to increase and reach to
                                      10,657.6 MW and 67,664 GWh, witnessing CAGR of 8.6% and 9% respectively.

                                       Geothermal Power Market, Asia-Pacific, Cumulative Installed Capacity and Generation,
                                       MW and GWh, 2000─2020
                                                                                        12,000                                                                80,000


                                                                                                                                                              70,000
                                                                                        10,000
                                                   Cumulative Installed Capacity (MW)




                                                                                                                                                              60,000




                                                                                                                                                                       Power Generation (GWh)
                                                                                         8,000
                                                                                                                                                              50,000


                                                                                         6,000                                                                40,000


                                                                                                                                                              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



                                      Indonesia Plans to Become Global Leader in Geothermal Power Industry

                                      Indonesia has a huge potential for geothermal power, accounting for as high as 40% of global
                                      resources. Currently, the major source of power generation in Indonesia has been oil and it is
                                      among the biggest emitters of green house gases in the region. As a result, to reduce their
                                      emission levels, the Indonesian government has come up with an ambitious plan to generate
                                      approximately 10,000 MW of geothermal power by 2025. In order to fulfill this plan there are many
                                      projects in the development and planning phase in the country.
                                      The cumulative installed capacity and generation of geothermal power of Indonesia was 570 MW
                                      and 2,649 GWh respectively in 2000. The capacity reached 1,169 MW in 2009, showing a CAGR of
                                      8.3% and generation increased to 7,593 MW in 2009 showing a CAGR of 12.4% for the period
                                      2000–2009. The country wants to increase its capacity by more than 4,000 MW by 2014. GBI
                                      Research expects the capacity to reach around 6,500 MW by 2020 at a CAGR of around 17% and
                                      generation to reach 42,185 GWh in 2020 at a CAGR of around 17%.


Geothermal Power Market in the Asia-Pacific to 2020 - South-                                                                                     GBIAE0016MR /Published FEB 2011
East Asia Key Region for Geothermal Growth
                                                                                                                                                                                                Page 1
                                                                                                           © GBI Research. This is a licensed product and is not to be photocopied
                                       Geothermal Power Market, Indonesia, Cumulative Installed Capacity and Generation, MW
                                       and GWh, 2000─2020

                                                                                   7,000                                                                     45,000

                                                                                                                                                             40,000
                                                                                   6,000

                                                                                                                                                             35,000




                                              Cumulative Installed Capacity (MW)
                                                                                   5,000




                                                                                                                                                                      Power Generation (GWh)
                                                                                                                                                             30,000

                                                                                   4,000                                                                     25,000


                                                                                   3,000                                                                     20,000

                                                                                                                                                             15,000
                                                                                   2,000
                                                                                                                                                             10,000

                                                                                   1,000
                                                                                                                                                             5,000

                                                                                      0                                                                      0
                                                                                             2000




                                                                                                                        2010




                                                                                                                                               2020
                                                                                           Cumulative Installed Capacity (MW)   Power Generation (GWh)

                                       Source: GBI Research



                                      Government Grants and Policies will Support Geothermal Development in Australia
                                      Up until now, Australia has been an insignificant country in terms of geothermal power generation,
                                      as it does not have a single large scale geothermal plant. In future however, the Australian
                                      government aims to harness its geothermal reserves and to this end it has announced many
                                      policies and grants for the development of these resources. The Australian government has
                                      announced grants of $50m under its Geothermal Drilling Program and $235m for the development
                                      of various renewable energy projects. In addition, many investments have been made in
                                      technological development and it is considered to be a pioneer of Hot Rock (HR) or Enhanced
                                      Geothermal System (EGS) technology.
                                      Pacific Countries to Harness Untapped Geothermal Potential in the Next Decade
   Countries in Pacific region        Pacific countries, being placed along the Pacific Ring of Fire, have huge geothermal reserves. They
   are amongst the leading            are among the top countries in the world for geothermal power generation. However, this potential
   geothermal power                   is still largely untapped. With the advancement of technology for drilling and power generation,
   producing countries and            these countries are planning to further harness their geothermal resources. The Pacific countries
   still have huge untapped           are going to be the main regions for geothermal development in the coming years.
   potential.




Geothermal Power Market in the Asia-Pacific to 2020 - South-                                                                              GBIAE0016MR /Published FEB 2011
East Asia Key Region for Geothermal Growth
                                                                                                                                                                                               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..................................................................................................................... 5
                                          1.2    List of Figures ................................................................................................................... 6
                                      2   Research Overview ..................................................................................................................... 7
                                          2.1    Introduction ....................................................................................................................... 7
                                          2.2    GBI Research Report Guidance ....................................................................................... 7
                                      3   Global Geothermal Power Industry to 2020 ................................................................................. 8
                                          3.1    Global Renewable Power Industry, Overview ................................................................... 8
                                             3.1.1    Global Renewable Power Industry, Cumulative Installed Capacity, 2000–2020....... 9
                                             3.1.2    Global Renewable Power Industry, Annual Power Generation, 2000–2020 ............ 11
                                             3.1.3    Global Renewable Power Industry, By Technology ................................................. 13
                                          3.2    Global Geothermal Power Industry, Technology Overview ............................................. 14
                                             3.2.1    Conventional Steam Turbine Technology ................................................................ 14
                                             3.2.2    Binary Cycle Plant Technology ................................................................................ 16
                                             3.2.3    Emerging Technologies ........................................................................................... 18
                                          3.3    Global Geothermal Power Industry, Overview ................................................................ 18
                                             3.3.1    Global Geothermal Power Industry, Cumulative Installed Capacity, 2000–2020 .... 21
                                             3.3.2    Global Geothermal Power Industry, Annual Power Generation, 2000–2020 ........... 23
                                          3.4    Global Geothermal Power Industry, Key Drivers and Restraints for Development ......... 25
                                             3.4.1    Key Drivers for Development of Global Geothermal Power Industry ....................... 25
                                             3.4.2    Key Restraints in Development of Global Geothermal Power Industry.................... 26
                                          3.5    Global Geothermal Power Industry, Key Research and Development Trends................ 27
                                          3.6    Global Geothermal Power Industry, Cost Analysis ......................................................... 27
                                             3.6.1    Capital Cost ............................................................................................................. 28
                                             3.6.2    Operation and Maintenance Cost ............................................................................ 29
                                             3.6.3    Levelized Cost ......................................................................................................... 29
                                          3.7    International Geothermal Organizations ......................................................................... 29
                                             3.7.1    International Geothermal Association ...................................................................... 29
                                             3.7.2    Geothermal Resource Council (GRC) ..................................................................... 30
                                             3.7.3    Geothermal Energy Association (GEA) ................................................................... 30
                                      4   Asia-Pacific Geothermal Power Industry to 2020 ...................................................................... 31
                                          4.1    Asia-Pacific Region’s Renewable Power Industry, Overview .......................................... 31
                                             4.1.1    Asia-Pacific Renewable Power Industry, Cumulative Installed Capacity, 2000–2020
                                                       ................................................................................................................................ 32
                                             4.1.2    Asia-Pacific Renewable Power Industry, Annual Power Generation, 2000–2020 .. 34
                                             4.1.3    Asia-Pacific Renewable Power Industry, by Technology ......................................... 36
                                          4.2    Asia-Pacific Region’s Geothermal Power Industry, Overview and Potential Analysis ..... 37
                                             4.2.1    Asia-Pacific Geothermal Power Industry, Cumulative Installed Capacity,
                                                      2000–2020 .............................................................................................................. 38
                                             4.2.2    Asia-Pacific Geothermal Power Industry, Generation, 2000–2020 .......................... 40
                                             4.2.3    Asia–Pacific Geothermal Power Industry, Country Wise Analysis ........................... 42
                                          4.3    Asia–Pacific Geothermal Power Industry, Major Deal Analysis ...................................... 43
                                             4.3.1    Asia–Pacific Geothermal Power Industry, Number of Deals .................................... 43
                                             4.3.2    Asia–Pacific Geothermal Power Industry, Type of Deals Analysis .......................... 45
                                             4.3.3    Asia–Pacific Geothermal Power Industry, Major Deals ........................................... 46
                                          4.4    Asia-Pacific Geothermal Power Industry, Competitive Landscape ................................. 51
                                             4.4.1    Power Plant Manufacturers ..................................................................................... 51
                                             4.4.2    Equipment Manufacturers ....................................................................................... 51
                                      5   Philippines Geothermal Power Industry to 2020 ........................................................................ 53
                                          5.1    Philippines Geothermal Power Industry, Overview and Potential Analysis ..................... 53
                                             5.1.1    Philippines Geothermal Power, Cumulative Installed Capacity, 2000–2020 ........... 56
                                             5.1.2    Philippines Geothermal Power, Generation, 2000–2020 ......................................... 58
                                             5.1.3    Philippines Geothermal Power, Share in Renewable Power Generation ................ 60
                                          5.2    Philippines Geothermal Power Industry, Geothermal Power Projects ............................ 61

Geothermal Power Market in the Asia-Pacific to 2020 - South-                                                                            GBIAE0016MR /Published FEB 2011
East Asia Key Region for Geothermal Growth
                                                                                                                                                                                Page 3
                                                                                         © GBI Research. This is a licensed product and is not to be photocopied
                                            5.2.1    Philippines Geothermal Power Industry, Major Active Geothermal Power Projects 61
                                            5.2.2    Philippines Geothermal Power Industry, Development Highlights ........................... 62
                                         5.3    Philippines Geothermal Power Industry, Regulatory Framework .................................... 63
                                      6 Indonesia Geothermal Power Industry to 2020.......................................................................... 64
                                         6.1    Indonesia Geothermal Power Industry, Overview and Potential Analysis ....................... 64
                                            6.1.1    Indonesia Geothermal Power, Cumulative Installed Capacity, 2000–2020 ............. 66
                                            6.1.2    Indonesia Geothermal Power, Generation, 2000–2020 ........................................... 68
                                            6.1.3    Indonesia Geothermal Power, Share in Renewable Power ..................................... 70
                                         6.2    Indonesia Geothermal Power Industry, Geothermal Power Projects .............................. 71
                                            6.2.1    Indonesia Geothermal Power Industry, Major Active Geothermal Power Projects .. 71
                                            6.2.2    Indonesia Geothermal Power Industry, Development Highlights ............................. 72
                                         6.3    Indonesia Geothermal Power Industry, Regulatory Framework ...................................... 73
                                      7 New Zealand Geothermal Power Industry to 2020 .................................................................... 75
                                         7.1    New Zealand Geothermal Power Industry, Overview and Potential Analysis ................. 75
                                            7.1.1    New Zealand Geothermal Power, Cumulative Installed Capacity, 2000–2020 ........ 77
                                            7.1.2    New Zealand Geothermal Power, Generation, 2000–2020 ..................................... 79
                                            7.1.3    New Zealand Geothermal Power, Share in Renewable Power Generation ............. 81
                                         7.2    New Zealand Geothermal Power Industry, Geothermal Power Projects ......................... 82
                                            7.2.1    New Zealand Geothermal Power Industry, Major Active Geothermal Power Projects
                                                      ................................................................................................................................ 82
                                            7.2.2    New Zealand Geothermal Power Industry, Development Highlights ....................... 83
                                         7.3    New Zealand Geothermal Power Industry, Regulatory Framework ................................ 83
                                      8 Japan Geothermal Power Industry to 2020 ............................................................................... 85
                                         8.1    Japan Geothermal Power Industry, Overview and Potential Analysis ............................. 85
                                            8.1.1    Japan Geothermal Power, Cumulative Installed Capacity, 2000–2020 ................... 86
                                            8.1.2    Japan Geothermal Power, Generation, 2000–2020 ................................................ 88
                                            8.1.3    Japan Geothermal Power, Share in Renewable Power Generation ........................ 90
                                         8.2    Japan Geothermal Power Industry, Geothermal Power Projects .................................... 91
                                            8.2.1    Japan Geothermal Power Industry, Major Active Geothermal Power Projects ........ 91
                                            8.2.2    Japan Geothermal Power Industry, Development Highlights .................................. 91
                                         8.3    Japan Geothermal Power Industry, Regulatory Framework ........................................... 92
                                      9 Australia Geothermal Power Industry to 2020 ........................................................................... 93
                                         9.1    Australia Geothermal Power Industry, Overview and Potential Analysis ........................ 93
                                            9.1.1    Australia Geothermal Power, Cumulative Installed Capacity, 2000–2020 ............... 94
                                            9.1.2    Australia Geothermal Power, Generation, 2000–2020 ............................................ 96
                                            9.1.3    Australia Geothermal Power, Share in Renewable Power Generation .................... 98
                                         9.2    Australia Geothermal Power Industry, Geothermal Power Projects ................................ 99
                                            9.2.1    Australia Geothermal Power Industry, Major Active Geothermal Power Projects .... 99
                                            9.2.2    Australia Geothermal Power Industry, Development Highlights .............................. 99
                                         9.3    Australia Geothermal Power Industry, Regulatory Framework ..................................... 100
                                      10 Appendix ................................................................................................................................. 101
                                         10.1 Methodology ................................................................................................................. 101
                                            10.1.1 Coverage ............................................................................................................... 101
                                            10.1.2 Secondary Research ............................................................................................. 101
                                            10.1.3 Primary Research .................................................................................................. 101
                                            10.1.4 Expert Panel Validation ......................................................................................... 102
                                         10.2 Industry Definition ......................................................................................................... 102
                                         10.3 Abbreviations ................................................................................................................ 103
                                         10.4 Contact Us .................................................................................................................... 104
                                         10.5 Disclaimer ..................................................................................................................... 104




Geothermal Power Market in the Asia-Pacific to 2020 - South-                                                                           GBIAE0016MR /Published FEB 2011
East Asia Key Region for Geothermal Growth
                                                                                                                                                                               Page 4
                                                                                         © 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 .... 10
                                      Table 2:    Renewable Power Market, Global, Annual Power Generation, GWh, 2000─2020 ........ 12
                                      Table 3:    Renewable Power Market, Global, Share by Technology, %, 2009 ............................... 13
                                      Table 4:    Comparison Between Different Technologies used in Geothermal Power Plants .......... 18
                                      Table 5:    Geothermal Power Market, Global, Cumulative Installed Capacity, MW, 2000–2020 ... 22
                                      Table 6:    Geothermal Power Market, Global, Annual Power Generation, GWh, 2000–2020 ........ 24
                                      Table 7:    Capital Cost Comparison on the basis of Size of Plant and Quality of Resource, 2009 . 28
                                      Table 8:    Operation Cost Comparison on the Basis of Size of Plant, US cents/KWh, 2009 .......... 29
                                      Table 9:    Renewable Power Market, Asia-Pacific, Cumulative Installed Capacity, MW,
                                                  2000─2020..................................................................................................................... 33
                                      Table 10:   Renewable Power Market, Asia-Pacific, Power Generation, GWh, 2000–2020 ............. 35
                                      Table 11:   Renewable Power Market, Asia-Pacific, Percentage Share by Technology, %, 2009 .. 36
                                      Table 12:   Geothermal Power Market, Asia-Pacific, Cumulative Installed Capacity, MW,
                                                  2000–2020 ..................................................................................................................... 39
                                      Table 13:   Geothermal Power Market, Asia-Pacific, Generation, GWh, 2000–2020 ....................... 41
                                      Table 14:   Geothermal Power Market, Asia-Pacific, Geothermal Power by Country, %, 2009........ 42
                                      Table 15:   Geothermal Power Market, Asia-Pacific, Major Deals, Jan 2009–Dec 2010 .................. 44
                                      Table 16:   Geothermal Power Market, Asia-Pacific, Major Deals by Type, Jan 2009–Dec 2010 ... 45
                                      Table 17:   Geothermal Power Market, Asia–Pacific, Major Deals, Jan 2009–Dec 2010 ................. 46
                                      Table 18:   Geothermal Power Market, Philippines, Cumulative Installed Capacity, MW,
                                                  2000─2020..................................................................................................................... 57
                                      Table 19:   Geothermal Power Market, Philippines, Generation, GWh, 2000–2020 ........................ 59
                                      Table 20:   Renewable Power Market, Philippines, Percentage Share by Technology, %, 2009 ..... 60
                                      Table 21:   Major Active Geothermal Power Projects, Philippines, 2009 ......................................... 61
                                      Table 22:   Major Upcoming Geothermal Power Projects, Philippines, 2010-2020 .......................... 62
                                      Table 23:   Geothermal Power Market, Indonesia, Cumulative Installed Capacity, MW,
                                                  2000─2020..................................................................................................................... 67
                                      Table 24:   Geothermal Power Market, Indonesia, Generation, GWh, 2000─2020 .......................... 69
                                      Table 25:   Renewable Power Market, Indonesia, Percentage Share by Technology, %, 2009....... 70
                                      Table 26:   Major Active Geothermal Power Projects, Indonesia, 2009 ........................................... 71
                                      Table 27:   Major Upcoming Geothermal Power Projects, Indonesia, 2010–2020 ........................... 72
                                      Table 28:   Geothermal Power Market, New Zealand, Cumulative Installed Capacity, MW,
                                                  2000─2020..................................................................................................................... 78
                                      Table 29:   Geothermal Power Market, New Zealand, Generation, GWh, 2000─2020 .................... 80
                                      Table 30:   Renewable Power Market, New Zealand, Percentage Share by Technology, %, 2009 . 81
                                      Table 31:   Major Active Geothermal Power Projects, New Zealand, 2009 ...................................... 82
                              
								
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