US Solar Company Lands Deal to Build Power Plants in China

US Solar Company Lands Deal to Build Power Plants in China

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solar-thermal-mirrors.jpgA southern California solar startup has become the first company to sign a deal with China to build solar thermal power plants — and it’s a huge deal: 2,000 megawatts, or enough to power several million Chinese homes.

ESolar Inc. of Pasadena signed an agreement Friday to build a series of solar thermal power plants for China, in one of the largest renewable energy deals of its kind.

Coming four months after an Arizona company, First Solar, secured a contract to build an equally large photovoltaic power plant in China, the ESolar project with a total capacity of 2,000 megawatts, signals China’s emergence as a major market for renewable energy.

“They’re moving very fast, much faster than the state and U.S. governments are moving.”

(Continue reading in the LA Times)

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