SEGS

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.