Friday, February 5, 2016

Canada: Funding Being Sought to Start Construction of 5 MW Pilot Geothermal Plant

First Geothermal Power Plant In Canada Being Developed In Saskatchewan (CleanTechnica)

What will be, once completed, the first geothermal power plant in Canada, is now under construction in Saskatchewan, according to recent reports.

The planned pilot plant for the project is set to total just 5 megawatts (MW) in capacity, but the potential is there for the geothermal resource being tapped to provide hundreds of MW of generation capacity, reportedly.

Preparations for the pilot plant’s development began at the leased site in question, roughly 2 hours drive southeast of the city of Regina, late last year. The company behind the project — Deep Earth Energy Corporation — is reportedly still in the process of securing funding for development, it should be noted. The company’s CEO Kirsten Marcia recently noted that, with $4 million already spent on feasibility studies, another $5 million would have to be raised from investors “before she can receive approval for the loans that will finance construction of the plant itself.”