500 MW of Solar Power Plants in California, Southwest to be Developed by NRG Energy & eSolar
While the exact project details of this next announcement aren't nailed down, it's nonetheless good news: NRG Energy and eSolar have signed an agreement which will see up to 500 MW of new solar power plants built at sites in California and the Southwest. Here are the rest of the details that have been revealed so far:First Plant to Come Online in 2011
NRG will be investing $10 million for equity and associated development rights on three projects, as well as a portfolio of power purchase agreements to develop, build, own and operate up to 11 eSolar modular concentrating solar thermal power units on this sites. The first of these plants is expected to begin producing power in 2011.
This is the first time NRG is investing in solar power; the Princeton, New Jersey-based company has previously invested in wind power and biofuels, with 48 plants having a combined capacity of 24 GW.
More: NRG Energy (press release)
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