Renewable Energy Development Corp. (REDCO) has chosen to use solar thermal technology from International Automated Systems (IAUS) on all of the solar developments in its pipeline.
The companies have signed a strategic partnership under which IAUS will provide REDCO the right to purchase 1,000 MW of its solar equipment over the next five years, at favorable terms.
REDCO says it plans to purchase 5 MW of solar thermal equipment, including the bladeless turbines from IAUS for the construction of a solar project in the Mojave Desert area of California. REDCO hopes to break ground on the project this summer and estimates a project completion in 2010.
Upon completion, REDCO will begin working on a 49 MW solar project in the same region that it plans to bring online in 2011. The estimated cost of the second project is $100 million to $120 million.
SOURCE: REDCO
