Thursday, August 2, 2007

Solel Solar inks huge solar power deal in California

by Merav Ankori
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.

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