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The U.S. geothermal power sector is poised for significant growth in 2011, thanks to the economic stimulus package.
Approximately 500MW to 700MW of geothermal power projects will enter the final construction phase next year, an increase from 162MW in 2010 and 125MW in 2009, according to the Geothermal Energy Association's (GEA) market update.
Many of these projects would not have proceeded without government stimulus because of the recession, said Karl Gawell, GEA’s executive director. "Stimulus has been good news for geothermal energy," he added.
The Treasury grant provisions of the stimulus bill have...
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