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Cape Station Geothermal Project Phase 1

Sector: Geothermal • Location: Utah, USA

Source: Renewables Now

Project
Awarded

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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The project “Cape Station Geothermal Project Phase 1” is an infrastructure initiative in the Geothermal sector, located in Utah, USA. Taiyo aggregates data on it from Renewables Now.

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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.

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