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California Utility Signs World's-Largest Solar Deal
California utility PG&E today will announce an agreement to buy 553 megawatts of electricity from a solar power plant to be built by Israeli company Solel in the Mojave Desert. That's enough energy to light about 400,000 homes. It's the largest deal of its kind, just edging out Southern California Edison's (EIX) 2005 agreement to purchase 500 megawatts of solar electricity from a power plant to be built by Stirling Energy Systems in the Mojave. Solel's 6,000-acre Mojave Solar Park is set to begin operating in 2011.
Business 2.0 | July 25, 2007 10:58 AM