What Factors Contribute to Geothermal Energy Cost?
The main factors that contribute to geothermal energy costs are usually geographical exploration to identify a suitable site, subsequent development of the site, and construction of the power plant. As such, geothermal energy cost tends to be heavily front loaded, with the upfront development costs accounting for the majority of the costs that the plant will accrue over its lifespan. The subsequent operating geothermal energy cost tends to make up a relatively small percentage of the overall cost, although this depends on the country and location in which the plant is situated.
The main factors that contribute to geothermal energy costs are usually geographical exploration to identify a suitable site, subsequent development of the site, and construction of the power plant. As such, geothermal energy cost tends to be heavily front loaded, with the upfront development costs accounting for the majority of the costs that the plant will accrue over its lifespan. The subsequent operating geothermal energy cost tends to make up a relatively small percentage of the overall cost, although this depends on the country and location in which the plant is situated. Given the significant advantages of geothermal energy, in particular the sustainability of this power source and the low environmental impact in terms of air pollution, the geothermal energy cost may be considered a long term investment in the energy plan of a country. This tends to be particularly true for countries or locations that have certain geographical traits that may enable them to take cost effective a
