NRG Solar’s Ivanpah Solar Electric Generating System is now operational and delivering solar electricity to California customers. At full capacity, the facility produces a gross total of 392 MW. Ivanpah is a joint effort between NRG, Google, and BrightSource Energy and Bechtel is the EPC contractor on the project. The project received a $1.6 billion loan guarantee from the US Department of Energy's Loan Programs Office. The facility achieved commercial operation on December 31, 2013.
NRG Energy, through its wholly owned subsidiary NRG Solar, announced that two of the solar photovoltaic (PV) facilities the company acquired from Recurrent Energy earlier this year have reached commercial operation.
NRG Solar started commercial operations for the Alpine solar generating station, a 66-MW (AC) photovoltaic (PV) facility, which NRG says is the largest fully operational solar plant in California. The station’s output will be sold to Pacific Gas & Electric under a 20-year agreement.
(April 2011) GE Hitachi and Lockheed Martin team up on nuclear reactor controls; Elster wins metering contract in New Hampshire; Xcel hires Bechtel for nuclear services in Minnesota; Mitsubishi builds transformer HQ in Memphis; Northeast Utilities taps Siemens for transmission projects; Iberdrola sells wind output to FirstEnergy; Consumers and DTE invest $400 million to upgrade pumped storage facility; plus contracts and announcements from Alstom, URS, Areva, groSolar, Pattern Energy, S&C Electric and others.
Solar projects are becoming hot investments.
With recent scale-up in both photovoltaic and concentrated thermal facilities, solar energy is nearing cost parity with wind and even some fossil generation sources. And with development models evolving to help companies manage technology risks, solar power has become an attractive investment opportunity—not just for tax-equity players, but also for utilities.