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PUBLISHEDMay 14 2013
AUTHOR(S)Vagliasindi, Maria
Electricity Auctions

Geothermal energy is a unique renewable resource with potential to contribute a significant share of low cost electricity supply in several countries. It is produced by exploiting the natural heat of underground water in deep reservoirs (1.5-3 km below ground) to produce electricity (and process heat) that can supply grids 24/7 to meet baseload and peak needs.

 

Although geothermal resources are mainly located in regions of tectonic activity, about 40 countries in Central America and the Andean region, Eastern Europe, East Africa, Middle East, East Asia and the Pacific could satisfy a significant portion of their national electricity demand from geothermal energy.

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