Nov. 4 (Bloomberg) — Abengoa SA, the largest developer of
solar-thermal power plants, agreed to buy out its partner
BrightSource Energy Inc. in a planned project in California.
Abengoa will become the sole owner of the Palen Solar
Energy Generating Station and will scale down what was initially
proposed as a 500-megawatt project, the Seville, Spain-based
company said today in a statement. Terms of the sale weren’t
The companies had planned to build two so-called power
towers. Solar-thermal plants use mirrors on the ground to focus
the sun’s rays on a boiler atop a tall structure, producing
steam that drives a turbine.
California regulators in September recommended approving
one tower. Abengoa now plans to add a thermal-storage system
that uses molten salt to retain heat, so the plant will continue
to generate electricity after sundown.
California is seeking to produce at least one-third of its
electricity from renewable sources by 2020 and has mandated that
its three main utilities have 1.3 gigawatts of storage capacity
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Will Wade, Robin Saponar