Cost of Geothermal Energy - 0 views
-
shinecal99 on 11 Mar 13"Certain studies have shown that a geothermal power plant that could be considered as economically competitive would cost at around $3400/kw installed. Yes, the cost of the construction of a geothermal power plant is much higher compared to a facility producing natural gas, however, the cost of electricity production of the two in the long run would be similar. Initially, the construction cost of the geothermal plant would be 2/3 of the total cost. On the other hand, with a natural gas facility, the cost of the fuel is 2/3 while construction cost is just 1/3 of the total cost. So this is where geothermal power plant and natural gas energy come into a standoff. In the long run, production rates stabilize and the cost of production for both plants become competitive. One good thing about the pric"