CLEANTECH : Geothermal Gold; There,COs Money in Steam. New Zealand Has the Expertise ,Co but Are We Going to Let Chile Push Ahead of Us? Vicki Jayne Investigates

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Byline: Vicki Jayne

Is New Zealand making the most of its long history and expertise in geothermal power generation?

Already ahead in the renewable energy game, we have a global reputation in geothermal and the opportunities to capitalise on that can be measured in billions. But itCOs already becoming a competitive space and grabbing our share may require a more concerted effort.

One local company already leveraging its geothermal development expertise offshore is Mighty River Power. It now has multimillion-dollar investments in projects in the US and Chile through its international partner US-based GeoA Global Energy Co of which Mighty River Power is the cornerstone and, currently, sole investor.

CEO Doug Heffernan says the formula itCOs pursuing is that of informed capital provider Co and he believes the rapidly growing offshore demand for …