MANILA -The cost of constructing and developing geothermal power plants will remain high globally compared with other power renewable technologies as countries race to achieve carbon neutrality, according to a report by Fitch Solutions. Fitch, through its unit BMI, said equipment required to build geothermal power plants were costly and limited across the globe, given that the sector was 'much smaller' than other sectors such as solar and wind power. In its report, the think tank noted the cost of installing geothermal power plants had risen over the past 10 years, from $2,714 per kilowatt in 2010 to $3,991 per kilowatt in 2021.

https://business.inquirer.net/406208/building-geothermal-plants-costlier-says-fitch

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