Geothermal energy in electricity markets and decarbonisation scenarios: The Chilean case

L. Vargas, T. González, M. Gutiérrez, P. Guzmán, M. Matus

Research output: Contribution to journalConference articlepeer-review

Abstract

Nowadays geothermal projects must face a challenging competition from variable renewable generation projects, such as PV and wind power plants, almost all over the world, and usually their biding offers cannot compete with traditional or alternative renewable energies. The efforts of this paper aim towards finding new approaches to assess geothermal energy in order to properly consider their unique technology advantages as well as a longer term for assessing the availability of this technology to strengthen the power systems. The technical feasibility of installing a geothermal-power plant is highly dependent on the availability of an adequate geothermal resource and energy market competitiveness against other technologies. In this work, the geothermal energy role is evaluated in order to achieve the decarbonisation of the Chilean Energy Matrix in different scenarios, including the complementary use of geothermal and CSP units.

Original languageEnglish
Article number012035
JournalIOP Conference Series: Earth and Environmental Science
Volume188
Issue number1
DOIs
StatePublished - 30 Oct 2018
Externally publishedYes
Event3rd International Conference on New Energy and Future Energy System, NEFES 2018 - Shanghai, China
Duration: 21 Aug 201824 Aug 2018

Bibliographical note

Funding Information:
Authors acknowledge financial support from Andean Geothermal Center of Excellence (CEGA), the Complex Engineering Systems Institute, ISCI (CONICYT: Basal Project FB0816) and Solar Energy Research Center SERC-Chile (FONDAP Nº15110019).

Publisher Copyright:
© Published under licence by IOP Publishing Ltd.

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