FutEra Power Corp., a subsidiary of Razor Energy Corp., a publicly-traded Alberta-based junior oil and gas company, starts the construction of its co-produced Geothermal Power Project in Swan Hills, Alberta.
The project begins with field construction activities for Stage Gate 1, with financial and in-kind support from Razor. FutEra has partnered with the provincial and federal governments to invigorate the emerging geothermal industry. Alberta Innovates (AI), Emissions Reduction Alberta (RA), and Natural Resources Canada (NRCan) have provided grants to complete funding.
With an estimated cost of CAD20 million (US$16.53 million) to complete, Stage Gate 1 will produce up to 3 MW of green geothermal electricity. The planned second phase of the Project (Stage Gate 2) will add a natural gas turbine and optimize the geothermal power efficiency, estimated to cost an additional CAD10 million (US$8.26 million). After the completion of both Stage Gate 1 and 2 of the project, the total installed electric capacity will be 21 MW.
Country updates
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May 12, 2021
Pembina, TransAlta sign PPA for 130 MW Garden Plain Wind Power Project in Alberta
TransAlta Corporation has entered into a long-term Power Purchase Agreement (PPA) with Pembina Pipeline Corporation for the offtake of 100 MW from its proposed 130 MW Garden Plain Wind Power Project,...
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May 05, 2021
Budweiser offtakes power from 75 MW Enchant solar project in Taber
Budweiser has announced a virtual power purchase agreement (VPPA) with Capital Power. The agreement includes approximately 51% of the electricity generated by a new solar facility in Taber, Alberta. O...
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April 29, 2021
Capstone, Obton complete 132 MWac Claresholm Solar Project in Willow Creek
Capstone Infrastructure Corporation, along with its partner Obton, has achieved commercial operation of the 132 MWac Claresholm Solar Project. Claresholm Solar is located in the Municipal District of...
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April 26, 2021
BluEarth Renewables, Shell sign long-term PPA for 130 MW Hand Hills Wind Project in Drumheller
BluEarth Renewables, through its subsidiary, BER Hand Hills Wind LP, has signed a long-term Power Purchase Agreement (PPA) with Shell Energy North America (Canada), Inc. The PPA will directly support...
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April 22, 2021
CIB and ITC to invest USD1.35 billion for the 1 GW Connector project in Canada
The Canada Infrastructure Bank (CIB) and ITC Investment Holdings (ITC) have signed an agreement in principle to invest $1.7 billion in the Lake Erie Connector project.
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