eSolar Signs 2 GW CSP Deal With Penglai Electric


eSolar, a Pasadena, Calif.-based provider of concentrating solar power (CSP) plants, and Penglai Electric, a privately owned Chinese electrical power equipment manufacturer, have signed a master licensing agreement to build at least 2 GW of solar thermal power plants in China over the next 10 years.

Ground-breaking of the first 92 MW will take place this year. The solar thermal power plants will be co-located with biomass electricity generation facilities, and Penglai Electric will leverage local manufacturing to source some of the equipment. China Huadian Engineering Co. will lead the construction process.

SOURCE: eSolar

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