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Thursday, 28 November 2024

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$3 Billion Solar Power deal Signed by Pacific Gas & Electric

 

Pacific Gas & Electric has announced a deal to buy 900 MW of solar electricity from five solar thermal power plants.
The projects will cost between $2 billion and $3 billion and willl create 2,000 jobs. The plants will be developed by BrightSource. It will use new technology that will be used in Israel in the coming weeks.
The first plant will be a 100 MW facility that could be ready by 2011. A second, larger, plant totalling 200 MW plant could be in operation one or two years later. Some further plants will be built at the Broadwell dry lake in the following years.

“From what I know, this is the biggest commitment ever in the history of solar,”said Mr John Woolard, BrightSource Energy’s chief executive officer and president. “It’s a fairly significant undertaking on both sides”, he added.

For additional information:

www.pge.com

www.brightsourceenergy.com
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