A Singapore-based company, MSC Power Corp, is building its first "solar pyramid" in India. The solar pyramid works by drawing in air, heating it with solar energy and moving it through turbines to generate electricty. The company aims to be listed this year on NASDAQ in an initial public offering that it says could be worth more than $5 billion.The small scale of the power generation - up to 36 MW with the current design means it is more suitable for rural areas than for powering cities.
A 10 MW pyramid plant would be about 45 metres high and take up about 2,500 square metres of space, including an associated desalination plant.
The firm, MSC Power Corp, backed by private investors from the Middle East and Asia, will finish constructing a small $10 million five megawatt (MW) power station by June in Pune near Mumbai that will use solar energy to power wind turbines.