Commercial Development of Geothermal Power Projects: Private Sector & Independent Power Producers

In most countries, geothermal resources are classified as natural resources belonging to the government. Since the 1980s, there has been a worldwide trend to corporatize and/or privatize government commercial activities. Whereas the geothermal resources in the United States have been commercially developed by the private sector since the 1960s at The Geysers, other countries, notably The Philippines, Indonesia, and New Zealand, did not started private commercial geothermal projects until the 1980s. These private power developers are known as independent power producers (IPPs). There is a perception that the private sector is more efficient than the public sector. The efficiency arises from the increased flexibility of the private sector and its accessibility to commercial funding. (more…)

Photovoltaic Panels Prices Decreases by 50% in One Year (and How Will These Affect Electric Cars)

photovoltaic panels prices
Photovoltaic solar energy once part of industrial phase are absolutely necessary to cut down its production costs for meaningful photovoltaic implementation in the multi energy sources. According to Reuter’s reports the prices of crystalline solar panels have declined from the 4.2 USD / Wp to the current 2USD/Wp. (more…)