BMI View: Global geothermal capacity will increase by 30% between 2016 and 2026 - from roughly12.5GW to over 16GW in 2026. We highlight Kenya and Indonesia as geothermal power growthoutperformers over the next decade, as strong market fundamentals and robust government support willcreate opportunities for investors. By the end of our 10-year forecast period the geothermal segment willcomprise just 1% to the total installed non-hydro renewables capacity in the world.
In this bi-annual Global Geothermal Power Report, which is the newest addition to BMI's Renewablesservice, we aggregate our forecast for the global geothermal power sector and take a top-down perspectivein order to identify global trends, opportunities and risks. Our global geothermal power forecasts are abottom-up aggregate of the 117 markets we cover, making up more than 99% of the global market. 0The report is divided into five different areas, which are outlined below together with a number of ourviews:
Global Geothermal Forecast: Indonesia will emerge as the largest geothermal market by installedpower capacity over the course of our forecast period, increasing to just over 3GW by 2026. Growth inthe US and the Philippines' geothermal markets will be more subdued, due to regulatory and geographicallimitations.