Construction Started on Geothermal Project in Swan Hills, Alberta

Written By Guest User
 

“In May 2021, FutEra Power Corp. (“FutEra”), a subsidiary of Razor, entered the project execution stage of its Geothermal Project. FutEra expects the total capital cost of the Geothermal Project to be C$34 million. Stage Gate 1 is fully funded. Stage Gate 2 requires additional financing, which FutEra continues to seek. With both Stage Gate 1 and 2 of the Geothermal Project complete, the total nameplate electricity output will be 18 MW, of which up to 30% will be sustainable clean power generation (so around 6 MW).”

- ThinkGeoEnergy

 

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