Geothermal energy is gaining popularity as a clean, renewable energy source. Major geothermal investment companies are expanding operations globally to tap into this burgeoning market. We will analyze promising geothermal investment prospects across several regions.
Large Untapped Geothermal Potential in Asia
Asia has abundant untapped geothermal resources that present lucrative investment potential. For example, Indonesia and the Philippines have over 27 GW of proven geothermal capacity. However, less than 5% has been developed so far. Companies investing in geothermal plants here stand to earn attractive returns.
New Technologies Unlocking Geothermal in Europe
Innovations in drilling technology are enabling previously unviable geothermal resources across Europe to be tapped for clean energy generation. Iceland has been a pioneer, with its geothermal industry valued at $2 billion. We can expect heavy investment in countries like Germany, France and Turkey in the coming decade.
In summary, immense profitable geothermal investment opportunities exist worldwide thanks to untapped resources and new technologies.