Remove Electricity Remove Energy Remove Geothermal power Remove Hydropower
article thumbnail

KenGen to invest on more geothermal amidst underperforming hydropower

ThinkGeoEnergy

KenGen has announced a revamped plan to generate more electricity from geothermal power plants in the face of low water inflows being experienced at their large hydropower stations. The Masinga Dam, Kenya’s largest hydropower dam, recorded a water level of 1039.42 mASL as of 6 November 2023.

article thumbnail

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.”

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Renewables Catching Nuclear Power In Global Energy Race

R-Squared Energy

This article is the fifth in a series on BP’s recently-released Statistical Review of World Energy 2019. Today, I want to cover global trends in renewable energy. The former consists of hydropower, which has been around for a long time. In comparison, coal produced more power than all three categories combined.

article thumbnail

Canada’s geothermal energy opportunity

Renewable Energy World

Matthews, Cito Energy Group. Geothermal Energy Potential in Western Canada. There’s a wave of increased interest and investment in geothermal energy as a potentially viable source of renewable power. Geothermal energy is naturally occurring heat that exists within the interior of the Earth.

Energy 110
article thumbnail

The COP28 pledge to triple up by 2030 and implications for geothermal

ThinkGeoEnergy

One of the biggest stories and most widely supported initiatives coming out of the 2023 UN Climate Change Conference (CO28) in Dubai, UAE is the pledge to triple the world’s installed renewable energy capacity by 2030 to limit global temperature rise to 1.5°C. Global installed renewable electricity generation capacity in the 1.5°C

article thumbnail

New Zealand’s biggest energy retailer signs up for three big solar farms

Renew Economy

New Zealand is in a 'development cycle' for electricity as a rapid rise in demand requires speedy solutions. The post New Zealand’s biggest energy retailer signs up for three big solar farms appeared first on RenewEconomy.

Retail 97
article thumbnail

Eastland Group raises capital to support geothermal projects in New Zealand

ThinkGeoEnergy

Obayashi Corporation is an international construction and engineering company, listed on the Tokyo Stock Exchange, and has significant renewable energy development and operational experience in Japan, with a commitment to decarbonisation and accelerating opportunities in the green energy sector.