Sunday, May 24, 2009

Biggest Solar Deal Signed … Again


Pacific Gas & Electric, a California utility, announced on Wednesday that it had agreed to purchase 1,310 megawatts of solar thermal power — enough to power 530,000 homes.

BrightSource Energy will provide the technology — which consists of mirrors that use the sunlight to heat water and spin turbines — and plans to build plants in California, Arizona and Nevada.

“From an industry perspective, the agreements between PG&E and BrightSource Energy now represent the largest solar deal in the world,” touted BrightSource’s chief executive, John Woolard, in a post on a PG&E site.

See full Article.