Tuesday, June 28, 2011

SolarReserve Wins Project in Spain

Santa Monica-based SolarReserve, the developer of solar thermal power plants, has been selected in a deal in Spain. According to the firm, Termosolar Alcazar, a 50/50 joint venture between the company and Spanish renewable energy firm Preneal, has been awarded the tender for a 50 megawatt, solar thermal plant to be build in Spain. The plant will use SolarReserve's molten salt systems for power generation. Financial impact of the win was not announced. The new project will provide enough energy to power 70,000 homes in Spain. SolarReserve's molten salt solar tower technology was developed by Pratt & Whitney Rocketdyne.