Wednesday, July 11, 2018

Canada: Interview with Director, President & CEO of the DEEP Geothermal Energy Project in Estevan

Mining for heat: Saskatchewan’s geothermal project (Mining and Energy)

Kirsten Marcia is leading DEEP Geothermal’s groundbreaking project

DEEP Geothermal’s project is located near Estevan, Saskatchewan. It is a hot sedimentary aquifer (HSA) more than 3,000 metres deep at the base of Williston Basin. DEEP and SaskPower signed a Power Purchase Agreement (PPA) in May 2017, committing to moving the project forward. The long-term goal is to build up to 200 megawatts of geothermal power-producing facilities to meet SaskPower’s demand for renewable energy.

About a year ago, DEEP received Canada’s first-ever geothermal PPA. This is significant for the project because, as they move into construction, it’s a requirement of any institutional lender that they have a customer. SaskPower has committed to the project.

The next steps for the project will be drilling and completing the initial two production and injection wells. This will allow them to refine their resource assumptions to satisfy the requirements for the bank. Afterwards, they can complete the final stages of the design work and move into construction. It will be about a year to complete the bankable feasibility study. Construction will be another 1.5 years.

Read More..........