16 Apr '11, 3pm

Peak Energy: Solar Power: Desert Dawn: The Economist has an article on Brightsource's solar thermal power power

Peak Energy: Solar Power: Desert Dawn: The Economist has an article on Brightsource's solar thermal power power

IT LOOKS like a planetary tattoo designed to be seen from space, a vast set of concentric circles inscribed in the skin of southern California’s desert. Ground was broken on the Ivanpah power plant, which is to be one of the biggest solar installations in the world, last October. Already, some of the rings of mirrors which will eventually concentrate acres-worth of desert sunshine on to collectors perched atop 140-metre-high towers are in place. And as of this week, so is the financing. BrightSource, based in Oakland, California, announced on April 11th that it had finalised $1.6 billion in loans for Ivanpah from America’s government. At the same time it announced that Google had taken a $168m stake in the project. Ivanpah needs all this money because BrightSource’s technology requires it to be vast compared with other types of solar installation. Most solar power comes fr...

Full article: http://peakenergy.blogspot.com/2011/04/solar-power-desert...

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