GeoGlobal Energy announced the company has acquired a major stake in the first stand-alone high temperature flash technology geothermal power project in the last 20 years in Imperial Valley, California. This is one of the hottest and largest geothermal areas in the world.

The project is to have 49 MW of baseload power capacity, and should be completed in two years. The entire power output will be sold under a 30-year PPA to Salt River Project, a utility serving the Phoenix, Arizona area.

[source: GeoGlobal Energy]