Cape Phase 1 Borrower

Cape Station Enhanced Geothermal Project (Phase 1) – Financing

Borrower(s)
Industry
Renewables/Geothermal
Area of finance
Project & Infrastructure Finance
Region
North America
North America
Countries
United States

Deal Overview

Fervo Energy has closed $421 million in non-recourse debt financing for the first phase of its Cape Station enhanced geothermal project in Beaver County, Utah. The Project is a 93 MW greenfield, EGS located in Weld County, Utah, interconnecting into CAISO. The Project consists of a power generation...

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Deal Volume
$421.42m
Financial Close
06/03/2026
Dealmakers
Sources
Submitted by participant(s)

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Project Deals

Cape Station Enhanced Geothermal Project (Phase 1)
$462m
Greenfield
Geothermal
North America
North America
United States