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IRENA reports 22% lower LCOE of geothermal power in 2022

ThinkGeoEnergy

This statistic was reported by the International Renewable Energy Agency (IRENA) in their newly published document, “Renewable Power Generation Costs in 2022.” Almost all forms of renewable power became more competitive in 2022, with offshore wind and hydropower as the only exceptions.

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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.