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| Cove Fort geothermal power plant (Courtesy Enel Green Power) |
Cove Fort is a medium-enthalpy geothermal plant, which uses innovative binary cycle technology. The facility is owned by Enel Cove Fort, LLC, a subsidiary of EGPNA Development Holdings, LLC.
The installed capacity of the Cove Fort geothermal plant amounts to 25 MW. The operating facility will be able to generate up to 160 GWh of power per year, therefore avoiding the emission of around 115,000 tons of CO2 into the atmosphere each year.
The power plant is supported by a 20-year Power Purchase Agreement (PPA) for the energy produced by the facility. The agreement was signed with Arizona utility company Salt River Project. Over more, the project is expected to qualify for the Section 1603 Renewable Energy Treasury Grant Program, therefore accessing the fiscal incentives envisaged by said regulation.
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