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Mon, December 2, 2024
[ 09:00 PM ] - Bill Williamson
Stephanie Colestock
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[ 11:31 AM ] - Bill Williamson
Hurdles slow geothermal energy projects in SE Asia

Hurdles slow geothermal energy projects in SE Asia


Published on 2024-12-02 11:31:14 - Bill Williamson, WOPRAI
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  • Providing round-the-clock energy, using minimal space and considered a clean source of power
  • geothermal energy seems like an ideal option for countries like Indonesia and the Philippines, where the potential is high,

The article from The Manila Times discusses the challenges hindering the development of geothermal energy projects in Southeast Asia. Despite the region's significant geothermal potential, particularly in countries like Indonesia, the Philippines, and Malaysia, several obstacles are slowing progress. These include high initial investment costs, regulatory and bureaucratic hurdles, technological challenges in drilling and exploration, and the need for more robust financial incentives and government support. Additionally, there are issues related to land acquisition, environmental concerns, and the lack of skilled labor. The article highlights that while geothermal energy offers a sustainable and reliable source of power, these barriers must be addressed to fully harness its potential and contribute effectively to the region's energy mix.

Read the Full manilatimes Article at:
[ https://www.manilatimes.net/2024/12/03/business/top-business/hurdles-slow-geothermal-energy-projects-in-se-asia/2014474 ]
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