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eSolar Inks Massive Solar Deal in China

Over the next decade, eSolar will help its China-based licensing partner, Penglai Electric, to build 2 GW of solar thermal capacity in China. The initial phase of the project will begin this year with a 92-MW facility.

eSolar’s first 5-MW pilot project went online in Lancaster, CA in August 2009. The company has already generated over $160 million in investments from Bill Gross’ Idealab, Google.org, Acme and other investors. eSolar has also inked deals with Southern California Edison for 245 MW of solar thermal generation, two 92-MW deals with NRG energy, 1GW of solar capacity with India’s Acme Group and a partnership with a South African-based energy firm to bring sales operations into the sub-Saharan region of Africa. Not bad for the new guys.

As a note, we reported in the past that eSolar uses a modular system in 33-MW increments. The company has now upped that to 46MW modules. eSolar’s system works by using mirrors to focus sunlight onto towers. The sunlight generates heat to boil a liquid, which creates steam that turns a turbine. Each eSolar system is made up of modules, with each module focusing sunlight onto one tower. Thus, eSolar is able to add to established projects without reworking the whole system. The company’s modular design, computing power and small mirrors lower the cost of their solar thermal offerings.

To view the press release, click here.

Source: Earth2Tech.com

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