July 25, 2007
Solel Solar Systems Ltd. will sell 553 megawatts of electricity to California's PG & E Corp. (AMEX:PCG) (Pacific Gas and Electric Company) from a solar power plant that the company will build in the Mojave Desert at an investment of some $2 billion. PG & E's nine-square mile Mojave Solar Park is due to begin operating in 2011. PG&E said that the power, enough for 400,000 homes, will go to customers in northern and central California. The Mojave Solar Park project is now the world's largest single solar commitment.