500 MW of California Solar Shifts from CSP to PV

500 MW of California Solar Shifts from CSP to PV | Renewable Energy News Article

renewableenergyworld.com 18 Aug '11, 3pm

500 MW of California Solar Shifts from CSP to PV

In a press release Thursday, U.S. subsidiary Solar Trust of America , cited the lower cost of PV modules and more favorable lending conditions for the shift in technology. Construction has already begun on the first phase of the project. When completed, the two-phase project will be 1,000 MW – far larger than any current operating site. Solar Millennium said it will continue to specialize in CSP in select international markets. "Our long-term strategy remains unchanged,” said CEO Christoph Wolff. "We see solid demand for CSP in the world's growth markets such as Africa, the Middle East, India and China. This is also true for Southern Europe where we have just achieved financial close on our fourth CSP plant in Spain," Wolff added. Earlier this year, the Department of Energy approved a $2.1 billion loan guarantee for the construction of 500 MW of CSP at the Blythe site. How...

Full article: http://www.renewableenergyworld.com/rea/news/article/2011...

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