Abengoa Solar signs large PPA with PG&E

In another monumental deal for the solar industry, one of the larger Power Purchase Agreements (”PPAs”) was signed between Spanish based Abengoa Solar and California Utility PG&E for a 250MW concentrated solar power plant 100 miles NorthEast of Los Angeles in the Mojave desert.

 

Previous deals in a nearby area of California have failed due to resistance from locals as well as state politicians. This new location will be on previously disturbed farming land and will use significantly less water than competing land use agriculture activities. The project will provide enough energy to power 90,000 homes, and more importantly further establish concentrated solar as an economic solution for larger scale utility needs. Assuming all permitting is approved, the project will begin operations in 2013.

Concentrated Solar

Concentrated Solar

Sources:

1) http://www.reuters.com/article/pressRelease/idUS185482+26-Oct-2009+BW20091026

2) http://greeninc.blogs.nytimes.com/2009/10/27/water-use-by-solar-projects-intensifies/

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