Justin Doom, Bloomberg
March 07, 2013 | 2 Comments
U.S. Geothermal Inc., a renewable- energy developer with projects in three Western states and Guatemala, received the balance of a Treasury Department grant of $11.8 million for a project in Nevada.
The company’s Nevada unit had received $10.7 million as of Nov. 15, according to a statement today. The San Emidio facility is projected to generate 75,000 megawatt hours annually. During January and February it produced more than 6,100 megawatt hours a month to sell to Sierra Pacific Power Co. under a 25-year agreement.
U.S. Geothermal is developing a project about nine miles (14 kilometers) from Guatemala City, and “discussions and planning are under way for the development of a power-purchase agreement,” according to the Boise, Idaho-based company’s website.
Copyright 2013 Bloomberg
Lead image: Geothermal via Shutterstock
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