Energy has significant potential to deliver a “triple win” for many developing countries—clean, reliable, locally produced baseload power. But as of 2012, only 1.5 percent of the world’s total power generation came from geothermal sources. It is estimated that around 40 countries worldwide have geothermal endowments that could meet a sizeable proportion of their electricity demand. With sufficient investment in drilling and improved knowledge about resource endowments, geothermal energy could play a much larger role in Latin America, the Caribbean, East Africa, and Southeast Asia, as well as areas of Eastern Europe and Central Asia.
In recognition of this opportunity and in response to client demand, ESMAP has substantially stepped up its support to geothermal development in recent years through analytical and technical assistance activities.
Contact: Almudena Mateos Merino