Geothermal Power : Production will provide a quarter of state's energy needs

GeothermalA report from the Geothermal Energy Association concludes that Nevada is now on-track to produce over 1000 MW of geothermal power over the next 3 to 5 years. This level of geothermal production would meet roughly a quarter of the state's total power needs. Author Dan Fleischmann concludes that this dramatic success is due to four major factors: the state's Renewable Portfolio Standard; the extension of the federal production tax credit to include geothermal energy; the Bureau of Land Management's efforts to reduce its leasing backlog; and the Department of Energy's support for cost-shared drilling, technical assistance, and the work of the Great Basin Center for Geothermal Energy at the University of Nevada Reno. The report identifies up to twenty-nine new geothermal power projects now under development in Nevada. The report finds that new power plants would produce as much as 853 MW. When completed, these new plants will quadruple the existing 276.4 MW capacity from Nevada's currently operating fifteen power plants.

December 21, 2006 - FeedSee