Geothermal energy offers a low-cost, clean and viable alternative to the $8 billion Site C dam proposed for the Peace River, according to a new report released Tuesday by the Canadian Geothermal Energy Association (CanGEA)
The report, Geothermal Energy: The Renewable and Cost Effective Alternative to Site C, estimates that geothermal power would ring in at about $73 per megawatt-hour (MWh). BC Hydro has estimated the cost of Site C at $83 per MWh. The report also says the proposed geothermal plants could be built for approximately $3.3 billion, less than half the cost of the Site C dam.
“Geothermal can be built as you need it, where you need it, and the capital costs are much lower,” CanGEA Chair Alison Thompson told a press conference in Victoria.