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NRG and eSolar develop 500 MW solar thermal power plants

NRG Energy Inc and eSolar will develop solar thermal power plants with a total generation capacity of up to 500 MW in California and the southwest of USA.

At closing, NRG will invest approximately US$10 million for equity and associated development rights for three projects on sites in south central California and the southwest of USA and a portfolio of power purchase agreements (PPAs) to develop, build, own and operate up to 11 units of eSolar’s concentrating solar power (CSP) technology.

eSolar is currently completing its first commercial demonstration CSP plant in southern California. The first plant under the agreement with NRG Energy is anticipated to begin producing electricity in 2011.

 

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