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IRENA reports 22% lower LCOE of geothermal power in 2022

ThinkGeoEnergy

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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Eastland Group raises capital to support geothermal projects in New Zealand

ThinkGeoEnergy

The company has been operating in New Zealand since 2011 and has delivered several significant projects such as New Zealand’s first megawatt-class green hydrogen production facility, Halcyon Power. Te Ahi o Maui (pictured) was Eastland Generation’s first geothermal power plant they built from the ground up.