02 Apr '12, 2pm

SolarReserve's Most Ambitious Solar Power Plant With Storage Approved by County: CEO Kevin Smith says his solar

SolarReserve's Most Ambitious Solar Power Plant With Storage Approved by County: CEO Kevin Smith says his solar

With approval of the Environmental Impact Review on its 200-megawatt, two-tower Saguache Solar Energy Project, SolarReserve hopes to soon get started on a new pair of solar power tower/molten salt storage facilities. “This is the major environmental permit,” SolarReserve CEO Kevin Smith said. “The bigger issue, in order to start construction, is we need to secure an offtaker.” SolarReserve’s flagship 110-megawatt Crescent Dunes Solar Energy Plant in Nevada has a power purchase agreement (PPA) with Nevada Power and is under construction and scheduled to come on-line at the end of 2013. In the wake of 2011’s dramatic drop in photovoltaic (PV) prices, institutional interest in solar thermal utility-scale solar power plant projects has declined. “We used to say that PV is intermittent, solar thermal without storage is intermittent, but solar thermal is cheaper,” Smith recalled...

Full article: http://www.greentechmedia.com/articles/read/SolarReserves...

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