News
Jan 12, 2010ADK/Borealis/CanGEA Geothermal Demonstration Project selected for Clean Energy Fund
Borealis Geopower, in conjunction with the Native Community of the Acho Dene Koe and CanGEA, are pleased that our ADK/Borealis Geopower Demonstration Project has been selected and the funding amount is in the range of $10-20 million. Nineteen successful projects have been selected in response to a call for proposals under the Renewable and Clean Energy portion of the Clean Energy Fund. Up to $146 million will be invested over five years in these projects to support renewable, clean energy and smart grid demonstrations with evidence of collaboration among partners and the potential to reduce barriers to technology implementation.
The ADK/Borealis Geothermal Demonstration Project is an innovative renewable heat and power project for a remote community in Ft. Liard, NWT
It will consist of a geothermal plant which will deliver a minimum of +/- 1 MWe of electrical power (sufficient for ~750 homes or the entire community) and also +/- 1 MWth of direct heat, sufficient to power a local greenhouse complex for local food production. This renewable heat and power green energy project will be completely ‘green’ and sustainable, with minimal emissions of any air pollutants or GHG’s, and expected to be indefinitely renewable. This project will demonstrate how a northern community can use a geothermal, “earth heat” resource to generate electricity and heat thereby reducing the entire community’s fossil fuel demand and reduce energy costs.
The Government of Canada will now invite the project proponents to begin negotiations toward formal contribution agreements to set the conditions under which funding will be delivered. The funding amount is in the range of $10-20 million for our project. Of note, until a written contribution agreement is signed by both parties, no commitment or obligation exists on the part of the government of Canada to make a financial contribution to these projects.
We at CanGEA would also like to congratulate the City of Yellowknife for their “Northern Application of a Geothermal District Heating System” Project which has also been sponsored by the Clean Energy Fund
For NRCan Press Release and information on all 19 projects sponsored by the Clean Energy Fund click here
