, Indonesia

Indonesia has the highest geothermal capacity under development: Fitch

Of the 41 projects under development in Asia, 26 were from Indonesia.

Indonesia accounted for the largest share in the geothermal pipeline globally, followed by Kenya, according to a report by Fitch Solutions.

Fitch said Indonesia and Kenya are the primary reasons why Asia and Sub-Saharan Africa (SSA) have the largest amount of geothermal capacity under development.

“This can also largely be attributed to the strong geothermal potential in the Great Rift Valley and Pacific Ring Of Fire present in these two regions,” it said.

READ MORE: Philippines is 3rd largest geothermal market globally: Fitch

It expects Indonesia to have the highest level of installed geothermal capacity in 10 years.  Kenya is expected to have the highest reliance on geothermal power output with an annual average of 58% over the next decade.

Asia is the global outperformer in terms of geothermal projects under development with a total of 41, 26 of which were in Indonesia, and nine in the Philippines. SSA has the highest average capacity per project at 260-megawatt each.

Follow the link for more news on

Join Asian Power community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

Indonesia’s new regulation speeds up energy transitions
The government has issued Presidential Regulation No. 112 of 2022 to limit the coal-fired power plants and gradually reduce coal consumption.
What can fix renewable energy’s intermittency?
Solar and wind power are not reliable enough to meet Southeast Asia’s issue on power demand, Enlit Asia’s invitees said.