A 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)