Wednesday, May 13, 2009

BrightSource - PGE Deal Signed Again

From the NYTimes...

Pacific Gas & Electric, a California utility, announced 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 facilities 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.

It is a lot of juice — though it’s worth noting, as Mr. Woolard himself does, that today’s announcement is really just an expansion of an existing 900-megawatt deal that BrightSource signed with PG&E last year, which was then touted as the largest in the world.

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