India’s Power Demand Surges Due to Increasing Heatwaves
Latin America’s Investment Soars Up In Geothermal Energy Production
By Shubhendra Anand , 16 July, 2024
Geothermal energy is gaining momentum with the rising trend of the clean energy transition. Industries are adopting renewable sources of energy to reduce the rate of harmful emissions. In 2024, geothermal energy production has increased in the different regions of the world. Latin America tends to increase the rate of geothermal energy production throughout 2024.
Based on surveys, investments in geothermal energy production are expected to soar higher in Latin America by 2024. It is anticipated that Latin America will have a good hold over renewable sources of energy. Geothermal energy production surges in 2024 can be the main factor accelerating Latin America's investment for its production. Studies report that Latin America has an enormous hold on geothermal energy resources. Thus, it provides a better industrial platform for the green energy transition with the help of geothermal energy sources. Therefore, initiatives are to be taken by the authorities in Latin America for the productive usage of geothermal energy in 2024. According to the data from surveys, only 2 gigawatts of electrical (GWe) have been utilized from the bulk of 33 GWe of geothermal energy in Latin America. Therefore, experts suggest that it is necessary to invest in geothermal energy extraction to accelerate the process of clean energy transition.
Geothermal energy in Latin America is present in abundance, but its extraction is equally difficult. The process of energy extraction makes it costly for private investors to spend that much of a penny on it. However, clean energy transition accelerates the production of renewable energies. Therefore, geothermal energy is adopted by developed and developing nations where it is present abundantly.
Investments On Geothermal Energy in Different Countries
Latest News
India’s Power Demand Surges Due to Increasing Heatwaves
The clean energy transition is growing rapidly in different nations to reduce carbon emissions. Globally, countries are taking various initiatives in 2024 to achieve net zero emissions by the end of 2050. Asian countries are increasing their green…
Countries Investing on Green Ammonia’s Production to Support Clean Energy Transition
London Emerges as Global Leader in Sustainable Finance for Green Transition
Sustainability demands a constant flow of finances in the energy market for the clean energy transition. In the era of renewables, sustainable finance is vital to support the progress of green transformation. Hence, sustainable finance is a crucial…
Motor Industry Responsible for Significant Changes in the U.S. First Quarter Economic Results
The United States faces new economic challenges in the first quarter of 2024. The surveys attribute the economic downturn of the United States to consumer behavior in the different sectors of the economy. The financial sectors in the United States…
UK opts Nuclear Power Plants for Energy Expansion by 2030
The United Kingdom is all set to increase clean energy sources in the nation to achieve a clean energy transition. The nation has embarked on the journey to set up nuclear plants soon. The United Kingdom approves of these nuclear plants within the…
Shubhendra Anand
Head Research
Latest News
Countries Investing on Green Ammonia’s Production to Support Clean Energy Transition
London Emerges as Global Leader in Sustainable Finance for Green Transition
Motor Industry Responsible for Significant Changes in the U.S. First Quarter Economic Results
UK opts Nuclear Power Plants for Energy Expansion by 2030
