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Polaris Renewable Energy Inc T.PIF

Alternate Symbol(s):  RAMPF

Polaris Renewable Energy Inc. is engaged in the acquisition, development and operation of renewable energy projects in Latin America. It operates 82 megawatts (MW) geothermal facility in Nicaragua, three run-of-river hydroelectric facilities in Peru, with a combined capacity of approximately 33 MW, a 25 MW solar plant facility in Dominican Republic, a six MW run-of-river hydroelectric facility in Ecuador and a 10 MW solar plant in Panama. Through its subsidiary, Emerald Solar Energy SRL, it operates the Canoa I Solar Park located in the Barahona Province, Dominican Republic. Its San Jacinto-Tizate Geothermal plant is located in northwestern Nicaragua, in the sire of San Jacinto, municipality of Telica, 20 kilometers from the city of Leon. Its Vista Hermosa Solar Parks are located in the village of Vista Hermosa, Corregimiento de Pueblos Unidos, Aguadulce district, Cocle Province. Through its subsidiary Generacion Andina SAC, it owns 8 de Agosto, a Run of River hydroelectric operation.


TSX:PIF - Post by User

Comment by kutraon Apr 12, 2013 12:10am
122 Views
Post# 21245070

RE: RE: Baseload vs Intermittent

RE: RE: Baseload vs Intermittent

Terry,

I have never heard of geothermal power being used for peaking. Maybe it has but it would be an unusual occurrence. 

Yes it is technically possible to turn of a geothermal plant off for the night. Though there are likely some reliability issues with the thermal cycling of wells and equipment. Regardless PPAs for wind and geothermal are set up so that the utility takes what ever the plant generates. The utility usually can only curtail power generation in emergencies to maintain grid reliability not for commercial purposes. I know Bonniville Power was but that is an exception and new projects will not get financing without guarantees it does not happen again.

Part of the reason is the renewable energy credit, you don't get credit if the plant is turned off but it is just not economic to build a geothermal plant for as a peaker and it is the most expensive technology on a per MW basis. Technologies that are the cheapest on a per MW basis are used for peaking like simple cycle gas plants.

Also a utility that is primarily gas generation is going to be quite happy with a geothermal plant providing power at night so they don't have to burn gas.

 

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