News
Mar 19, 2008Dundee Securities: “Geothermal Energy, An Overnight Success in 104 Years”, Investment Research
Recently, Dundee Securities Corporation released a document investigating the investment potential in geothermal energy. In the document Dundee Securities looks into the basics of geothermal energy, the market place, as well as current and future investment opportunities. CanGEA members Western GeoPower and Sierra Geothermal are featured in the article.
Within the broad realm of renewable energy investing, a significant opportunity is currently available to investors who participate in the advancement of the geothermal industry. Geothermal is a low-cost and reliable energy source. The price for electricity from geothermal power projects is competitive with other forms of power production, and its high level of availability makes it an attractive source of power for utilities that need steady, “base load” supplies of electricity. These benefits among other are not going unnoticed. Growth rates in the North American geothermal power market are expected to result in a doubling of the current installed base of 2,936 MW in the coming years, and involve over $11 billion in new investment. While geothermal power production tends to take top billing (as it does in the solar industry), geothermal energy for direct use is a substantial part of the geothermal industry, with over 9,600 MWt installed in the United States and Canada combined. Companies in Canada and the US involved in geothermal development should be considered as a part of any comprehensive assessment of renewable energy investment opportunities.
To view the full document: Dundee - Geothermal Primer.pdf
