New Solar Deal Breaks Previous Record – Barely
In a game of incremental one-upmanship, at 1,310 megawatts, the most recent largest contract to purchase solar power showed an increase of 10 megawatts over the previous one.
In February, the largest deal to date also involved BrightSource, which made a deal to provide 1,300 megawatts of solar power to Southern California Edison.
BrightSource has yet to break ground on any of its U.S. projects, however.
The recent credit crisis has not helped, but in comments at a PG&E blog, BrightSource CEO, John Woolard, said, “We’ve been very fortunate in that we did not have to finance a project over the past few quarters when the financial markets could best be described as dysfunctional. The credit markets now seem to be loosening in time for our project financing in the latter half of this year.”
“When the time comes for us to finance these projects, we are confident in our ability to successfully develop these projects and secure the necessary project financing,” he added.
PG&E previously has committed to investing in not just solar but also wind.
Stay Up-to-Date On Environmental Management, Energy & Sustainability News with EL's Free Daily Newsletter
Energy Manager News
- Passive-House High-Rise to be Airtight
- Greensmith Offers ‘Second Opinion’ on Energy Storage Systems
- Commercial Tankless Water Heater Handles the Demands of Business
- Booz Allen, Siemens, Power Analytics Score 16 Microgrid Projects
- NH City to Save $500,000 Annually with LED Streetlights
- Australian College Uses Energy Storage
- LED Boosts Light Output 50%, Uses Existing Drivers
- Energesco Wins Energy Efficiency Contracts for Multifamily Buildings in Maryland