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CanGEA releases geothermal database

CanGEA (The Canadian Geothermal Energy Association) has released the CanGEA Member Projects Database, a report outlining all the various CanGEA member projects under development around the world.

According to the report, CanGEA members are currently working on more than 70 projects under development representing more than 1,400 MW, and nearly 2,000 MW of installed geothermal capacity, spanning four continents and eleven countries. While there is currently no geothermal power production in Canada, there are a number of projects under development which may soon come online to supply Canada's first few megawatts of geothermal power.

The database recognizes three levels of "Geothermal Resources" and two levels of "Geothermal Reserves". With increasing geological knowledge and confidence, a Geothermal Resource progresses from “Inferred” to “Indicated” to “Measured”. Similarly, with consideration of energy recovery and conversion, economic, marketing, environmental, social, legal, and regulatory factors, the resource may be labelled a “Probable” or “Proved” Geothermal Reserve.

The CanGEA Member Projects Database utilizes the Canadian Geothermal Code for Public Reporting to provide a framework for comparison among industry players. Included in the Database is the Geothermal Progress Checklist which lays out the framework to categorize projects under development based on geological knowledge and modifying factors such as economic and legal factors. The checklist highlights the necessary steps in the development of a geothermal resource from exploration to production. Applying this framework allows for universal comparison among projects under development, says CanGEA, while also providing the cursory framework to adhere to the Canadian Geothermal Code for Public Reporting.

For more information, go to www.cangea.ca

June 2, 2010  By Newswire