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Warming up China's Geothermal Sector

Commentary

The New Zealand Consulate General in Chengdu have produced a report outlining China's Geothermal Sector. For the full report, please see the link further below:

SUMMARY:
China’s potential geothermal resource accounts for almost 8% of global resource.
Until now it has not been highly prioritised across China as a source of renewable energy, but interest is hotting up.
Almost half of Lhasa’s municipal electricity grid demand is met by geothermal energy.
Under its newest Five Year Plan on Geothermal Resources (2016-2020) China aims to add 500MW of new geothermal capacity by 2020 – an almost 17-fold increase. Most of this new capacity will be in Tibet and elsewhere in SW China.
But industry experts believe government subsidies will also be needed if geothermal energy is to take off.
And it is unclear if China can implement its very ambitious expansion plan with under three years remaining.
Geothermal heating is increasingly popular as a clean heating solution in northern China.

CLICK HERE FOR THE FULL REPORT