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April 2, 2008 – Vol.13 No.2 BrightSource Energy Secures Contacts for up to 900 Megawatts of Solar Thermal Power for PG&E. Pacific Gas and Electric Company has entered into a series of contracts, the first three of which are for a total of 500 megawatts (MW). Two additional contracts are options for 400 megawatts of solar thermal generating capacity. The first of these solar power plants, sized at 100 MW in Ivanpah, California, could be operating as early as 2011 and is expected to produce 246,000 megawatt hours of renewable electricity per year. BrightSource will build and place in commercial operation each of its plants as quickly as permitting and infrastructure allow. “Solar thermal energy is an especially attractive renewable power source because it is available when needed most in California – during the peak midday summer period,” said Fong Wan, vice president of energy procurement at PG&E. “Through these agreements with BrightSource, we continue to broaden our renewable energy portfolio and provide our customers with some of the cleanest energy in the nation.”
Since 2002, PG&E has entered into contracts for more than 2,000 MW of renewable power. California law requires each investor-owned utility to increase the share of eligible renewable generating resources in its electric power portfolio to 20 percent by 2010. PG&E has made contractual commitments to have over 20 percent of its future deliveries from renewables. For 2008, PG&E expects to have 14 percent of its energy delivered from renewable sources. BrightSource Energy, of Oakland, California, designs and builds large-scale power plants capable of delivering solar energy to industrial and utility customers at prices competitive with fossil fuels. Pacific Gas and Electric Company, a subsidiary of PG&E Corporation, is one of the largest combined natural gas and electric utilities in the United States.
Links: BrightSource Energy Pacific Gas and Electric Company
Related: PG&E and Ausra Partner On 177 Megawatt Solar Thermal Power Project. BrightSource Energy Files Application to Develop 400 MW Solar Power Plant Complex in California.
Disclaimer, Forward-Looking or Safe Harbor Statement on original press release: No
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