Idaho USG Holdings LLC, a wholly-owned subsidiary of U.S. Geothermal Inc., has closed a financing arrangement to collateralize its ownership interests in the Neal Hot Springs and Raft River geothermal power projects. Luminate served as independent engineer to Prudential Power Group to examine the technical and commercial aspects of the two projects, including seasonal generation profiles, long-term operation and maintenance plans, and regulatory compliance.
Raft River is a 13-MW binary geothermal plant in Cassia County, Idaho that sells base-load renewable energy under a long-term contract to Idaho Power Company. Neal Hot Springs in Malheur County, Oregon is a 22-MW project that employs an innovative, supercritical binary Rankine power cycle to generate electricity for sale to Idaho Power.