World's largest solar power deal is signed
Pacific Gas & Electric and BrightSource Energy of Oakland signed an agreement on the world's largest solar deal.
According to the San Francisco Chronicle , Pacific Gas and Electric Co. (PG&E) and BrightSource Energy
of Oakland signed
an agreement on what may be the world's largest solar deal. The deal will create
a string of seven solar power plants, which will generate enough electricity for
530,000 homes. California
law requires the state's electrical utilities to get 20% of their power
from renewable sources by the end of 2010.
BrightSource Energy of Oakland will build the plants in the Southern
California desert and sell the power to PG&E. Fields of
mirrors at each plant will focus sunlight on centralized towers, boiling water
within the towers, creating steam, and turning turbines. The first plant could
open in 2012 at the Ivanpah dry lake bed in San Bernardino County.
PG&E and BrightSource already have a history. Last year,
PG&E agreed to buy as much as 900 MW from three solar power plants
BrightSource planned to build. The deal announced Wednesday greatly expands
that agreement, with PG&E potentially buying 1,310 MW.
Earlier this year, the 5-year-old company signed an
agreement to supply 1,300 MW of electricity to Southern California
Edison in what was then considered the world's largest solar deal. The new
PG&E agreement just barely tops it.