RE: RE: RE: How to Screw up GeothermalYes, the geo industry is small, and the number of qualified consultants few, but I wouldn't discount the value of a signed PPA. Ram has them at SJT, Orita, Geysers and Clayton Valley. Signing a PPA takes millions in investment and years of studies, consultants, modelling, fieldwork and drilling. It's a real achievement, not a paper achievement.
See how few PPA's Magma has its properties? None on any of their "advanced-stage" projects have a PPA, I believe. This means they are years behind Ram. You won't see Mariposa or McCoy online before 2015.
I don't think NGP has any signed PPA's on any of its development properties either. How can it expect to get more plants into production by 2013 without a signed PPA right now?
Ram has a huge lead.