Abengoa and BrightSource Energy signed an agreement to jointly develop, build, and operate what the companies say will be the world’s two largest solar power towers at a site in California. The companies expect jointly to permit and finance the 500-MW Palen Solar Electric Generating System. Abengoa will build the plants as the engineering, procurement, and construction contractor, and will lead the operation and maintenance (O&M) of the plants once online. BrightSource will provide the solar field technology and plant design.
MidAmerican’s Topaz solar financing proves that bond investors have an appetite for green investments.
When MidAmerican Energy Holdings issued $850 million in bonds in February 2012 to finance construction of the massive 550-MW Topaz Solar photovoltaic (PV) farm, it raised more than a few eyebrows in the financial and renewable energy communities.