Cape Station Geothermal Project Phase 1
Sector: Geothermal • Location: Utah, USA
Source: Renewables Now
US geothermal developer Fervo Energy has closed USD 421 million in non-recourse debt financing for the first phase of its flagship Cape Station project in Beaver County, Utah. The project is set to supply first power to the grid in 2026 and reach 100 MW of operating capacity by early 2027. The project is planned to scale to 500 MW and is fully contracted through power purchase agreements with Sout
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Participants
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Status
Original status | awarded |
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Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
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Description
Description | US geothermal developer Fervo Energy has closed USD 421 million in non-recourse debt financing for the first phase of its flagship Cape Station project in Beaver County, Utah. The project is set to supply first power to the grid in 2026 and reach 100 MW of operating capacity by early 2027. The project is planned to scale to 500 MW and is fully contracted through power purchase agreements with Southern California Edison, Shell Energy, and community choice aggregators. |
Original sub-sector | Obfuscated |
Original Currency | USD |
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Procurement method | Obfuscated Data |
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Location
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Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
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