DEEP Earth Energy says it has successfully completed the Front-End Engineering and Design with a corresponding Feasibility study and report on its first geothermal power facility in southeast Saskatchewan. The facility’s nominal output is expected to be 32 Mega Watts and will produce up to 33.4 Megawatts net power during the winter and a minimum of 20 MW net power during summer. Future construction phases have the capacity to increase power outputs to 160 MW during the winter months

Total capital costs for the first facility came within the target range and are estimated at about $8 million per MW. The company says, compared to wind or solar, geothermal capital costs are higher, but the non-intermittent characteristic of geothermal are expected to create attractive revenues, offsetting the higher upfront costs.
Currently, 74% of Saskatchewan’s power comes from traditional carbon-based generation methods.

The company says DEEP’s vision to build 100 to 160 MW of geothermal power and direct heating infrastructure will be a new, green $1 Billion industry for southeast Saskatchewan.