eSolar To Build 2 GW of CSP in China

eSolar and Penglai Electric, a privately-owned Chinese electrical power equipment manufacturer have reached a master licensing agreement to build at least 2 gigawatts (GW) of solar thermal power plants in China over the next 10 years.

The deal was signed in the Chinese State Council building with government officials in attendance and represents the country’s largest CSP project. Groundbreaking of the first 92 megawatts (MW) will take place in 2010.

Penglai Electric plans to develop 2 GW of power plants by 2021 using eSolar’s solar thermal technology. The solar thermal power plants will be co-located with biomass electricity generation facilities.

“Using the power of the sun, eSolar’s technology minimizes the environmental impact on manufacturing and deployment while maximizing land and cost efficiency,” said Liu Guangyu, chairman and CEO of Penglai Electric. “We are extremely grateful to the Chinese government for playing a major role in promoting zero-carbon renewable energy.

China Huadian Engineering Co. will lead the construction process. At completion, China Shaanxi Yulin Huayang New Energy Co. will own and operate the first 92 MW plant.

The deal represents the country’s first major move into concentrating solar thermal power. The Chinese government recently announced its aggressive plans to increase the country’s renewable power generation capacity to 15 percent by 2020.

 

 

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