The total installed costs of conventional condensing “flash” geothermal power
generation projects were between USD 1 900/kW and USD 3 800/kW in 2009. Binary power plants were more expensive and installed costs for typical projects were between USD 2 250 and USD 5 500/kW that same year (IPCC, 2011). Geothermal power plant costs can be as low as USD 560/kW Data for recent projects (Figure 8.1) fits within the range of USD 2 000 to USD 5000/kW, but there have also been some small projects in new markets where costs are higher The capacity factors of geothermal power plants vary from around 60% to more than 85%