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Slovakia Geothermal Energy Market Outlook to 2022

Slovakia geothermal market, which is estimated to be USD XX billion in 2016, is expected to grow to USD XX billion by 2022, at a CAGR of XX percent._x000D_ The geothermal energy resources are indicating a gradual growth of the geothermal fluids in the Slovakia . The evaluation stage involving exploitation of the resource for power generation is already in place. The thermal energy offered by the geothermal source is constantly increasing and at the same time, the private partnership in this sector is encouraged by the government. The use of the geothermal resource is considered to contribute to the growth of the Slovakia s economy by supporting various industries like farming, tourism  and various industrial establishments such as space heating, therapeutic, drinking, bathing and recreation._x000D_ Slovakia government has amended various laws to establish a national regime for the promotion of renewable energy power production. In addition, efforts are on to fix the energy purchase price, calculated on a project-to-project basis, to guarantee a fair return on investment.  _x000D_ The government is encouraging companies that are willing to do business following the new policies. However, there are multiple market entry strategies that may help the process. The companies that have previously been most successful are maintaining their local presence with strategic, local joint venture programs._x000D_ _x000D_  _x000D_

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Published Date: Q2 2016

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