Tue, December 3, 2024
Mon, December 2, 2024

Hurdles slow geothermal energy projects in SE Asia

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 ]