The international demand for geothermal energy is growing. Asia Pacific, host to the world's top producers of geothermal power, is poised to see significant growth as geothermal energy emerges as a viable source of green, reliable and cut-rate power. While past geothermal usage is minimal, the region is expected to see a boom kindled by the convergence of increasing energy security concerns; economic progress, especially in developing markets; electrification of low-income and rural communities; emergence of low-cost and efficient technologies; and rising environmental awareness.
In this newsletter, Baker & McKenzie focus on the top geothermal destinations in Asia Pacific - the Philippines, Indonesia, Japan, Australia and Vietnam - and the economic and regulatory factors that are taking the steam out of traditional power sources and directing international attention towards geothermal energy.
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