Penglai, eSolar sign 2GW China CSP deal

Concentrating solar thermal power (CSP) company eSolar will license its technology to Penglai Electric, which plans to develop at least 2 gigawatts of projects in China in the coming decade.

A master licensing agreement was inked in Beijing on Friday. Construction on a first 92-megawatt (MW) project will begin this year, says Pasadena, California,-based eSolar. In total, the contemplated development would represent China’s largest CSP project yet, marking an expansion in the country’s ambitions from its leadership position in solar photovoltaic.

China Huadian Engineering is to lead construction and China Shaanxi Yulin Huayang New Energy will own and operate the initial plant, to be built at the Yulin Alternative Energy Park in the city of Yulin, Shaanxi province. The plant would Log in to read complete article.

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