Tuesday, May 16, 2017

Canada: DEEP Geothermal Signs Power Purchase Agreement to Explore 5 MW Project

Geothermal agreement signed (News Release)

SaskPower, DEEP Geothermal to explore project in southeast Saskatchewan

SaskPower and DEEP Earth Energy Production Corp. (DEEP) have signed a
power purchase agreement that will allow further research into the potential for Saskatchewan’s first geothermal power project.

“We’re pleased to complete this agreement with SaskPower as another step towards the commencement of Canada's first geothermal power facility in southeast Saskatchewan,” said Kirsten Marcia, President and CEO of DEEP.

“DEEP’s Saskatchewan power facility will launch a brand new clean energy sector for the country, and we anticipate significant job creation during the construction and operation of the facility. DEEP is honored to be in partnership with SaskPower and their commitment to significantly reduce provincial GHG emissions through new and innovative projects like geothermal power.”

The signed agreement allows DEEP to continue a proof of concept study to determine the feasibility of a five megawatt project near Estevan. The proposed plant would generate renewable, zero emission, baseload power from a hot aquifer three kilometres under the Earth’s surface.

Read More.........