At a press conference and technical briefing that took place on February 4th, 2015 at 11am PST, CanGEA presented new information on the cost of geothermal energy and its benefits. We revealed the geothermal unit energy cost to be $56-$73/MWh. This new, cost-competitive figure, combined with various additional benefits, including an increase in permanent jobs and reduced transmission costs, makes geothermal a positive alternative the the Site C hydro dam. Geothermal power also boasts a much smaller environmental footprint than large hydro power, and enjoys the support of First Nations in the region, unlike the Site C project.
Click here to read the full news release.