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Global development in the Icelandic context Alexander RichterThinkGeoEnergy.com@thinkgeoenergy
October 16, 2013
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Background
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Showcase of geothermal to the world
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Website of: ThinkGeoEnergy.com
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Power Plant Map
Job Portal
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ThinkGeoEnergy.com as One-stop-shop
For News, Research &Marketing Tool for
Industry
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Global Geothermal Development
Global Geothermal Development
Global Geothermal Energy Power Generation - Potential
Sources: Islandsbanki, ThinkGeoEnergy, Geothermal Energy Association, IGA, ChevronNote: Installed Capacity of 2013, resource estimates combined (1999-2012) – IGA estimates a conservative total potential of 70,000 MW and with technology improvements (extended use of low heat and EGS resources) at around 180,000 MW in power generation capacity.
Current installed capacity
Projects & inferred resources
High temperature regions
Resource estimates
Installed Resources
North America
4,344
32,200
6,447
Installed Resources
Cent. America & Caribbean
624
27,400
568
Installed Resources
Europe
1,6425,454
1,363
Installed Resources
Africa
205
11,600
2,511
Installed Resources
South America
1
30,800
867
Installed Resources
Asia
3,833
60,422
10,064
Installed Resources
Aus., NZ & Pacific
913
7,700
654
Installed Resources
Middle East
2421,840
933
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Top 10 Countries – installed capacity
Other
El Salvador
Costa Rica
Japan
Iceland
Mexico
Italy
New Zealand
Indonesia
Philippines
United States
0 500 1,000 1,500 2,000 2,500 3,000 3,500
730
204
208
502
665
812
863
957
1,339
1,968
3,386
Source: ThinkGeoEnergy Research
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Top 10 Countries – installed + projects
Other
Japan
Turkey
Italy
Mexico
New Zealand
Iceland
Kenya
Philippines
United States
Indonesia
0 2,000 4,000 6,000 8,000 10,000
853
502
114
863
812
957
665
205
1,968
3,386
1,339
3,113
116
783
145
225
335
778
1,883
1,551
2,606
8,099
Installed
Projects
Source: ThinkGeoEnergy Research
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Icelandic Geothermal Industry
Iceland’s Geothermal Supply Chain
Local consumers (indirect)
Local consumers (direct)
Equipment Suppliers
Core Industry Function
Geothermal resource
exploration & development
Geothermal energy
production
Geo-Science
DrillingBusiness consultin
gFinancing
Con-struction
Energy audit &
law firms
Technical consultin
g
Industry news
Transmission &
distribution
R&D, education, knowledge
Geothermal research
Training & education
Related industries
Mining Oil & GasOther
Energy Production
Government (Agencies, department, offices)
LegislationPermitting &
licensingMarket
Regulation
Drilling rigs & related
Turbines & generators
Other equipment
District heating
Industrial heating
applicationsRecreation,
health & tourism
Industry
Retail electricity
Economic Developmen
t
Industry associations
Source: Iceland Geothermal Cluster
Geothermal Expertise
Geo-Science
Business consulting
Technical consulting
Drilling rigs & related
Geothermal research
Training & education
ÍSOR, Mannvit, Vatnaskil
Mannvit, Verkís, Efla, Reykjavik Geothermal, Landsvirkjun Power
KPMG, ThinkGeoEnergy, individuals, Reykjavik Geothermal
ÍSOR, GEORG, Mannvit, Vatnaskil, Utilities, Universities
University of Iceland, Reykjavik University/ REYST, UNU-GTP, Keilir
Iceland Drilling, Reykjavik Geothermal, ÍSOR
Development Iceland utilities, Efla, Rarik, Reykjavik Geothermal
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Global development by stages
Prospect Exploration Pre-Feasibility Feasibility Construction Other*0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
891
7,222
6,508
2,8622,423
110
Source: ThinkGeoEnergy Research
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Regional opportunities
Aus., NZ & Pacific
Middle East
Central America & Caribb.
South America
Africa
Asia
0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000
0
7
105
0
750
2,050
101
153
153
407
1,335
2,848
117
294
265
190
145
3,575
ProspectExplorationPre-Feasibil-ity
Source: ThinkGeoEnergy Research
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Regional opportunities
Prospect
Exploration
Pre-Feasibility
0 1,000 2,000 3,000 4,000 5,000
Aus., NZ & Pacific Middle East Central America & Caribb. South America
Africa Asia
Source: ThinkGeoEnergy Research
Market Situation
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0%
10%
20%
30%
40%
50%
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
Financing of power plants
0%
10%
20%
30%
40%
50%
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
$4.8bn TOTAL
Development bank
46%
Commercial lender
22%State-owned
entity
20%Pension fund 8%Government 4%
Annual new-build debt investment as proportion of total for past decade, 2002–2012
Source: Bloomberg New Energy Finance
Asia
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Africa
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South America
22
Caribbean
Increasing National Collaborations
Full Sale & Marketing Campaigns
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Example
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Magazine
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Think GEOENERGY Magazine
The new magazine for the global geothermal energy industry, created in Iceland by ThinkGeoEnergy.
thinkgeoenergy.com/magazine
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Magazine for the industry but also promotional tool for geothermal
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ffairsCurrent market trends, news from industry associations, state of the industry
A
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usinessnews from corporations, interesting companies, general corporate overviews and news
B
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ountry in Focusselected country report with certain country elements in the different sections/ chapters
C
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evelopmentnews and trends, news from individual projects and status on development world-wide
D
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ngineering & technology drilling, technical descriptions, rather general and educational in nature. Turbine/ power plant etc.
E
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inanceGeneral topics on financing of geothermal, risk management & mitigation, deals, banking finance, business and legal issues.
F
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2
Iceland
To be released Spring of 2014
Issue 2
Country Focus:Iceland
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• Opportunities for the sector
• Marketing for the industry
• Bring attention to Iceland
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Subscribe to Magazinewww.thinkgeoenergy.com/
magazine
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