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Solar Power Developer Teams With Irish Company On Southern California Renewable Energy Project
Saudi Press Agency Published in Saudi Press Agency on 17 - 04 - 2008


An Arizona-based solar power developer
has received a $100 million (¤63 million) investment from
an Irish company to build two huge plants in Southern
California, according to The Associated Press.
Stirling Energy Systems Inc. said Thursday the funding
from NTR PLC would pay for all pre-construction costs for
plants in the Imperial Valley and Mojave Desert. NTR will
take a controlling interest in Stirling.
Stirling has signed agreements to sell its power to San
Diego Gas & Electric and Southern California Edison. The
two projects together will initially produce 800 megawatts
of power and up to 1,750 megawatts eventually.
The projects will use a commercially untested technology
that calls for building thousands of solar dishes in the
desert.

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