Pacific Gas and Electric on Monday announced that it signed a 177-megawatt solar thermal power purchasing agreement with Ausra.
According to John O'Donnell, Ausra's executive vice president, the twenty-year agreement will generate over $1 billion in revenue for the Palo Alto, California-based start-up.
The plant will be located in San Luis Obispo County, California, and is expected to begin generating power in 2010. Ausra has filed its application for certification for this plant with the California Energy Commission, which must grant approval before construction begins.
PG&E supplies 12 percent of its energy from renewable sources, said Keely Wachs, PG&E’s environmental communications manager.
“PG&E continues to aggressively add renewable electric power resources” to its supply and the company is confident that it will meet or exceed its 20 percent renewable energy goal by 2010, he said.
Proving that bigger isn’t always better, the plant will use only one square mile of land and will burn no fuel, use minimal water, and have no air or water emissions.
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