NRG Solar

NRG’s Solar Thermal Power Project at Ivanpah Achieves Commercial Operation

NRG Solar’s Ivanpah Solar Electric Generating System is now operational and delivering solar electricity to California customers. At full capacity, the facility produces a gross total of 392 MW. Ivanpah is a joint effort between NRG, Google, and BrightSource Energy and Bechtel is the EPC contractor on the project. The project received a $1.6 billion loan guarantee from the US Department of Energy's Loan Programs Office. The facility achieved commercial operation on December 31, 2013.

Digest

ComEd selects GE for 4 million smart meters; Duquesne contracts Itron for 625,000 smart meters; Consumers Energy plans 700-MW combined-cycle plant; Phoenix Solar contracts for 39-MW PV plant; NRG starts operation at two 20-MW PV plants in California; Edison files suit against Mitsubishi for SONGS defects; FirstEnergy plans 2 GW of coal-plant shutdowns; FERC approves PacifiCorp tie-in with Cal ISO; PSEG commissions EV-charging facilities; plus announcements and contracts involving Toshiba, Direct Energy, Alstom, and others.

Digest

TVA moving ahead with Babcock & Wilcox mPower small modular reactor; Bechtel begins refueling and uprate work at Xcel's Monticello plant; NRG starts operations at 66-MW PV facility; NIST starts developing cybersecurity framework under presidential order; BPA to upgrade HVDC converter station; PacifiCorp working with CAISO to create real-time energy market; Cupertino Electric to install 230-kV line for 200-MW PV plant; plus contracts and announcements from Alstom, Siemens, Echelon, EPRI, Sempra, and others.

Vendor Neutral

(April 2011) GE Hitachi and Lockheed Martin team up on nuclear reactor controls; Elster wins metering contract in New Hampshire; Xcel hires Bechtel for nuclear services in Minnesota; Mitsubishi builds transformer HQ in Memphis; Northeast Utilities taps Siemens for transmission projects; Iberdrola sells wind output to FirstEnergy; Consumers and DTE invest $400 million to upgrade pumped storage facility; plus contracts and announcements from Alstom, URS, Areva, groSolar, Pattern Energy, S&C Electric and others.

Chasing the $un

Solar projects are becoming hot investments.

With recent scale-up in both photovoltaic and concentrated thermal facilities, solar energy is nearing cost parity with wind and even some fossil generation sources. And with development models evolving to help companies manage technology risks, solar power has become an attractive investment opportunity—not just for tax-equity players, but also for utilities.