Enel Green wraps up 25-MW geothermal plant in Utah

Nov 27, 2013 - Italy’s Enel Green Power (BIT:EGPW) said Wednesday it had completed and hooked to the grid a 25-MW geothermal power plant in Utah that is worth some USD 126 million (EUR 93m).

The company financed the Cove Fort medium-enthalpy geothermal project using own resources and will own it through local unit Enel Cove Fort LLC. This is Enel’s first plant in that US state.

Using an innovative binary cycle technology, the power plant is estimated to produce as many as 160 GWh annually. Thus it will offset 115,000 tonnes of carbon dioxide emissions per year. The output is being sold to local company Salt River Project under a 20-year power purchase agreement.

Enel noted that the Cove Fort facility was expected to be eligible for fiscal incentives under the Section 1603 Renewable Energy Treasury Grant Program.

Apart from the Utah plant, Enel Green Power owns two geothermal power facilities in the state of Nevada -- the 13.4-MW Salt Wells plant and the Stillwater power station. The latter combines 33 MW of geothermal capacity with a 26-MW solar photovoltaic park.

(USD 1 = EUR 0.736)

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