geothermal power

San Diego Gas & Electric (SDG&E), a Sempra Energy (NYSE: SRE) subsidiary, recently announced that it has signed two power purchase contracts that will collectively add 200 MW of renewable energy to its portfolio.

In the age of renewable energy targets the magic numbers seem to be 2015 and 2020. For the European Union the target is to source 20% of its energy needs from renewables by 2020. California made 2015 the target to reach 20% renewable energy generation.

Iceland is one of the world's geothermal hotbeds. It could be said that geothermal power production is the only silver lining for a country that was on the brink of bankruptcy two years ago.

Kenya has announced plans to increase its geothermal generating capacity 50 percent by 2018.

In its recently released Sixth Edition of the Geothermal Report, ABS Energy Research concludes that although 2009 was a very difficult year for the geothermal industry, the market will continue to grow over the next five years.

The European Union's long-term renewable energy strategy is yet another example which shows the geothermal industry, despite receiving less media attention, and even less funding than the solar, wind, and biofuel industries, continues to produce positive results.

When you are trying to make the case for sustainable energy, it’s good to have the cold, hard facts on your side. But many renewable energy projects don’t keep those kind of detailed records that can persuade skeptics.

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