Swiss Geothermal Project Shut Down Because of Quake Threat [UPDATE]
Swiss authorities have shutdown a geothermal project, poised to generate electricity by tapping heat from the earth’s core, after studies determined the project could trigger earthquakes and cause millions of dollars of damages to area properties each year.
The utility-scale geothermal project was being developed by former oil man Markus Häring, reports the New York Times, and is located in the city of Basel, in northern Switzerland. It was actually shutdown in 2006 after it generated earthquakes that did not injure anyone but caused about $9 million in damage to homes and other structures. Read More »
