SRP secures geothermal deals
September 20, 2013 | By
Barbara Vergetis Lundin
Salt River Project (SRP) will purchase of 50 megawatts (MW) of geothermal energy from a number of plants located in the Imperial Valley of southern California near the Salton Sea. The Salton Sea Known Geothermal Resource Area is one of the world's most prolific regions for the production of renewable energy.
SRP's first purchase of 18 MW will be made in 2016 with the full 50 MW acquired by 2019, allowing SRP to provide its customers with sustainable energy from these facilities until 2039. The geothermal power generated by the project will offset approximately 460 million pounds of carbon dioxide emissions each year. SRP also has agreements to purchase geothermal energy from the Hudson Ranch facility in southern California which began operating in 2012, and the Cove Fort plant currently under construction in Utah. Under SRP's Sustainable Portfolio goals, the company must meet 20 percent of its retail electricity requirements through sustainable resources by the year 2020. SRP is currently meeting 10 percent with sustainable resources such as solar, wind, landfill gas, geothermal, biomass, hydro and energy-efficiency measures. For more: Related Article: Sign up for our FREE newsletter for more news like this sent to your inbox! © 2013 FierceMarkets. All rights reserved. http://www.fierceenergy.com http://www.fierceenergy.com/story/srp-secures-geothermal-deals/2013-09-20 |