Gallery: World Bank to Raise $500 Million for Geothermal Energy Investm...


The World Bank launched a fund on Wednesday to expand renewable energy generation in developing countries with a substantial investment in geothermal power. The Global Geothermal Development Plan (GGDP) will provide assistance and support in bringing geothermal energy-a currently underutilized resource-into the mainstream as a clean, cheap and reliable source of locally-produced power. The fund was launched at the Geothermal Conference in Reykjavik, Iceland, a nation in which around 26.2% of energy is supplied by geothermal sources.

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