Saturday, April 18, 2009

BrightSource Energy plans 600MW solar thermal project in Nevada

BrightSource Energy, Inc., developer of large-scale solar thermal energy plants, announced last month that it has reached agreement on the principal terms of a private land contract with the Coyote Springs Land Company in Nevada.

The agreement marks a critical step in the development of a solar thermal energy project that could provide up to 600 megawatts of clean reliable solar thermal energy to both the Nevada and California markets.

"With abundant sun and access to key markets in Nevada and California, the Coyote Springs site is an ideal location to develop clean, reliable and low cost solar thermal energy," Tom Doyle, executive vice president of project development for BrightSource.

The power from BrightSource's project could serve not only Coyote Springs, but also other BrightSource customers such as the Southern California Edison and Pacific Gas and Electric, said Keely Wachs, a spokesman for BrightSource, according to Greentech Media.

BrightSource Industries (Israel) Ltd.
("BSII"), formerly known as Luz II Ltd., headquartered in Jerusalem, is a wholly-owned subsidiary of BrightSource Energy. The BSII team provides product development and engineering services, and supplies the solar fields, including heliostats, solar boilers, and control systems for all of BrightSource Energy's projects.

Arnold Goldman, the founder of BrightSource Energy, recently addressed the CleanIsrael meetup group in Tel Aviv. A transcript of his remarks is available on the group's web site.

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BrightSource Energy raises $115 million in latest round of funding

BrightSource signs large solar deal with PG&E