Published on October 4th, 2012 | by Jake Richardson2
550 MW Solar Project in California Backed by Japan’s Sumitomo
October 4th, 2012 by Jake Richardson
A very large (very, very large) solar power plant in California will have Sumitomo Corp as a 25% investor, the company just announced.
First Solar is building the plant, which should be operational by 2015. The Desert Light plant is being constructed in Riverside County. Agreements are in place for the new plant to send power to Pacific Gas and Electric and Southern California Edison. A loan for the Desert Light plant was backed by the US Department of Energy.
If you’re not familiar with Sumitomo, it is one of the world’s largest investment and trading companies.
Environmental concerns over desert tortoises have slowed the Desert Light project, but apparently everyone is confident it will be constructed within the next few years.
Image Credit: Tigerhawkvok, Wiki Commons
Keep up to date with all the hottest cleantech news by subscribing to our (free) cleantech newsletter, or keep an eye on sector-specific news by getting our (also free) solar energy newsletter, electric vehicle newsletter, or wind energy newsletter.