Geothermal Loan Guaranty Program and its impact on geothermal exploration and development
The study showed that the Geothermal Loan Guaranty Program has had only a negligible effect on geothermal development and the response to the program was far less than expected. The streamlining of environmental regulations and leasing policies, and the granting of intangible drilling cost write-offs and depletion allowances to operators would have had a greater impact on geothermal energy development. The loan guaranty program did not promote the undertaking of any new projects that would not have been undertaken without it. The program only accelerated the pace for some development which might have commenced in the future. Included in the study are recommendations for improving the operation of the program thereby increasing its attractiveness to potential applicants.
- Research Organization:
- Colorado School of Mines, Golden (USA)
- DOE Contract Number:
- AC02-78ET27214
- OSTI ID:
- 5113359
- Report Number(s):
- COO-4635-1
- Country of Publication:
- United States
- Language:
- English
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Related Subjects
29 ENERGY PLANNING
POLICY AND ECONOMY
FINANCIAL ASSISTANCE
ECONOMIC IMPACT
GEOTHERMAL ENERGY
ENERGY SOURCE DEVELOPMENT
GEOTHERMAL INDUSTRY
DECISION MAKING
FINANCING
LAND LEASING
LEGISLATION
SURVEYS
ENERGY
ENERGY SOURCES
FINANCIAL INCENTIVES
INDUSTRY
LEASING
RENEWABLE ENERGY SOURCES
Geothermal Legacy