Government of Canada supports plans for new geothermal power project in Saskatchewan

Subscribe to our newsletter and get the latest news and business opportunities in your inbox

The Government of Canada has expressed  support for a new geothermal power facility near Estevan in Southeastern Saskatchewan. The energy project, led by DEEP Earth Energy Production Corporation, is the first of its kind in Canada and taps into a new renewable energy resource.

Geothermal energy harnesses heat from the earth’s crust and transforms it into electricity to power our homes and businesses year round. DEEP’s geothermal facility will build on Saskatchewan’s leadership in the energy sector, using familiar drilling technologies from the oil, gas, and mining industries to tap into this reliable energy source.

The Government of Canada will provide CAD25.6 million (US$19.35) in funding for the five Megawatt (MWe) facility, which will produce enough energy to power approximately 5,000 homes all while taking the equivalent of the yearly emissions of 7,400 cars out of the atmosphere. The project will create 100 jobs during construction, provide the provincial power grid with clean, renewable energy, and create new business opportunities for local communities.

The Government of Canada will continue to make smart investments in research and innovation to develop new clean energy technology, and meet our climate goals and create economic growth that benefits everyone.

List of the country updates

Country updates

  • January 22, 2019

    CDPQ reinvests EUR100 million in SPIE

    La Caisse de dépôt et placement du Québec (CDPQ), a leading global institutional investor, today announced that it reinvested EUR100 million (US$ 113.7 million) in SPIE, the i...

    Read more
  • January 18, 2019

    75 MW hydro project in Canada receives approval from the commission

    Turning Point Generation has announced that the construction and operation of the Canyon Creek Pumped Hydro Energy Storage Project has been formally approved by the Alberta Legislature, a requirement...

    Read more
  • January 09, 2019

    EDPR to sell 80% stake in 499 MW wind projects in North America

    Energias de Portugal S.A. (EDP) has announced that EDP Renováveis, S.A. (EDPR), 82.6% controlled by EDP, has closed an agreement to sell an 80% equity shareholding in a portfolio...

    Read more
  • December 20, 2018

    Innergex secures financing for 590 MW wind portfolio

    Innergex Renewable Energy has closed a non recourse financing of CAD570.4 million (US$423 million) with regards to four operating wind farms, located in the Gaspé peninsula of Quebec. Innerge...

    Read more
  • December 18, 2018

    AltaGas divests majority stake in B.C. hydro projects for CAD1.4 billion

    AltaGas Ltd. is slashing its dividend by 56 per cent and selling its remaining majority stake in a B.C. hydroelectric power operation for CAD1.39 billion (US$1.2 billion). The company will now pay a...

    Read more

Share this update