Presentation given at the 2nd Global Geothermal Energy Summit in Reykjavik, Iceland on September 19, 2012. The presentation covers a view and outlook on global geothermal energy development.

1. GEOTHERMAL
(Regional)
GROWTH
… or how demand and availability of finance
drives development
Alexander Richter!
!
ThinkGeoEnergy.com!
@thinkgeoenergy!
!
19 September 2012 – 2nd Global Geothermal Energy Summit 2012, Reykjavik/ Iceland! 1

2. THE NEW !
THINK!
GEOENERGY!
!
to come:!
- Supplier Directory!
- Plant Map!
- Publications
2

3. Geothermal growth – global vs. regional
3

4. DRIVERS OF
DEVELOPMENT
4

5. Effects on international development !
last 2-3 years
• Interest vs. Capabilities
Economic situation
• Growth & standstill
• Growing economies
Energy demand
• Policy & competitiveness
• Technology, R&D
Industry
• Export initiatives
• Feed-in-tariffs, risk mitigation
Policy support
• IPP vs. Public utilities
• Development Bank financing
Availability of financing
• Export initiatives & vendor financing
5

6. BUSINESS MODEL
GEOTHERMAL
6

7. Business Model - Development
Start-up
Exploration/ Feasibility
Detailed Start of
Pre-
Design & Operation
Feasibility
Construction
= Rationale of how!
a company/ an industry!
creates, delivers, and captures value!
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8. EUROPEAN
DEVELOPMENT &
ACTIVITIES
8

9. European development!
and international activities of European
companies
9

10. GLOBAL
DEVELOPMENT
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11. Africa, Asia-Pacific, Caribbean & Latin
America
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12. OUTLOOK
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13. concessions. And beyond the red tape, the incentives being pushed by the Indonesian
government – the drilling risk fund, relaxed import duties, pending $120–130 feed-in tariff (FiT),
and others – are all steps in the right direction to encourage investment.
Figure 2: Historical and expected global capacity additions by country, 2006–15 (MW)
Capacity additions by country
-46% 12% -21% -8% -21% 72% 18% 51% -5%
751
715
• …..
701
Rest of world
497 Philippines
427 421 Mexico
381
337 Kenya
310
245 New Zealand
US
Indonesia
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Source: Bloomberg New Energy Finance
Source: Bloomberg New Energy Finance
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14. High Growth Projection Geothermal Capacity by R egion, World Markets: 1
i e a d 1990-2020
(Source: Pik Research)
ke 14

15. Summary
• Global growth vs. regional growth
• Focus on local impact and business opportunity
• Heat vs power opportunities
• North American situation
• Role of development and export-import banks
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16. Contact
Alexander Richter
ThinkGeoEnergy.com
alex@thinkgeoenergy.com
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