October 19, 2010 | 2 Comments
South Africa's Department of Energy estimates that the plant – which would combine photovoltaic (PV), concentrated photovoltaic (CPV) and concentrating solar power (CSP) – would take a total investment of $20bn.
Fluor Corporation is developing a detailed conceptual master plan, to be unveiled at an investors’ conference on 28 - 29 October in 2009, based on a pre-feasibility study by Clinton Climate Initiative.
"We are closely collaborating with South Africa's Department of Energy and the Clinton Climate Initiative on this potential flagship solar power development," said Dave Dunning, president of Fluor's Power Group.
"Our company has a strong track record of achievement in South Africa. Just last month, Fluor commemorated its 50-year anniversary of ongoing capital project development in South Africa, and we hope to bring this clean energy initiative to fruition.”
RenewableEnergyWorld.com's article, "Gold in the Sky," has more details on the South African power market as well as this 5-GW project.
Fluor has also announced that its third-quarter earnings will slip by about $163m — or $0.90 per share — to pay for costs overrun in its 500 MW Greater Gabbard offshore wind project.
The company said it has faced several execution challenges, including material and equipment delivery issues, mainly in installing wind turbine generators and subsea cabling.
Fluor won a $1.8 billion fixed-price contract in 2008 to construct the wind farm off the east coast of the UK. All 140 monopiles and tower transition pieces are already installed and 53 of 140 wind turbine generators are in place. The project is expected to complete in early 2012.
With so much renewable energy development underway for Fluor, there will be massive opportunities for engineers looking to enter the renewable energy market. Last week at SPI, Jennifer Runyon sat down with Brad Friesen, VP of Renewables for Fluor to chat about engineering jobs in the industry. Hear what he had to say by playing the video below.
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