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Geothermal energy is used for two primary purposes: direct use and power generation. This report deals exclusively with the use of geothermal energy for power generation purposes. Geothermal energy is renewable in nature; however, it displays features of conventional power generation methods due to high capacity factors and ability to supply base load. Low emissions and non-reliance on fossil fuels are major drivers for the industry. Strong regulatory and policy framework in numerous countries across the world would foster and sustain development in the sector in the long-term.