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IRENA reports 22% lower LCOE of geothermal power in 2022

ThinkGeoEnergy

AUGUST 29, 2023

Between 2021 and 2022, the global weighted average levelized cost of electricity (LCOE) of ten newly commissioned geothermal projects fell by 22% to USD 0.056 kWh. This statistic was reported by the International Renewable Energy Agency (IRENA) in their newly published document, “Renewable Power Generation Costs in 2022.”

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Interview – Singapore, Asia’s newest emerging geothermal market

ThinkGeoEnergy

FEBRUARY 5, 2024

Many people are already familiar with Indonesia, the Philippines, Japan, and China as some of the leaders of geothermal development in Asia. Taiwan and South Korea area also steadily building up their geothermal markets, and we are beginning to see encouraging progress in India.

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