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4. Comparison with Previous Report Data and Trends Due to the new reporting requirements brought about by the implementation of GEA’s Geothermal Reporting Terms and Definitions for 2011, comparison with earlier versions of GEA’s annual reports may be problematic. However, the general trend of projects under development can be estimated by adjusting project totals from the 2010 report for some of the more significant changes made in the 2011 report. In particular, a number of “projects” listed in 2010 are now included as “prospects” in this report. This is due, in part, to the higher standards applied to reporting information on projects in development and in some cases is due to changes in ownership or other company related matters. The consideration of the number of geothermal prospects reported in 2011 along with confirmed projects in development indicates that geothermal developers are actively developing known geothermal resources as well as seeking new prospects for development. The number of projects in development has continued to increase at a steady rate since early 2006. Figure 14: Total Confirmed Projects + 2011 Prospects 180 160 140 120 100 80 60 40 20 0 170 152 34 Apr-06 Phase I 69 Apr-07 Phase II 83 Apr-08 Phase III 121 Apr-09 Phase IV Apr-10 Prospect Apr-11 Source: GEA The changes brought about by the higher reporting standards also impacted the total MW capacity in development being reported by developers in 2011. This is partly due to the shift noted above where some sites are now classified as prospects instead of projects in the report, but also because while in the past developers would only report one capacity value for a project to GEA, the Geothermal Reporting Terms and Definitions gave them the opportunity to report both a resource capacity estimate and a PCA estimate. While these estimates are directly related to each other, they provide different points if information (see section 1 on the Geothermal Reporting Terms and Definitions for further explanation). This makes comparing capacity in development information from the 2011 Annual Report to previous years more complex. However, a comparison of the overall resource capacity in the 2011 Annual report Geothermal Energy Association 57 Number of Projects and ProspectsPDF Image | Annual U.S. Geothermal Power Production 2011
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