18 Aug '11, 10pm

Dark Day for Solar Thermal: Solar Trust Switches 500MW Power Plant to PV - Greentech Media

Solar Trust said today that it will convert a 500 megawatt solar thermal power plant it had been planning in Blythe, California into a 500 megawatt plant made from photovoltaic panels. The shift comes because of "improved market conditions" for building power plants with PV modules. Solar modules from some vendors now cost as little as $1.30 a watt, according to GTM Research. The switch will mean the company has to walk away from a $2.1 billion federal loan guarantee. Switching to PV will also let Solar Trust build the plant in 250 megawatt increments, making financing and planning easier. The 500 megawatt power plant is the first half a 1 gigawatt development so it's probably fair to look at this as a 1 gigawatt loss for the thermal industry. Solar Trust hasn't said what happens to the second half of the project, but one can guess. Last year, we predicted that solar therm...

Full article: http://www.greentechmedia.com/articles/read/dark-day-for-...

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