BrightSource Energy signs contracts with Siemens for solar steam turbine generators

Oakland, Calif., October 12, 2010 – BrightSource Energy signed contracts with Siemens to purchase two steam turbine generators for use at its Ivanpah Solar Electric Generating System. BrightSource Energy has now ordered all three steam turbines to be used at its Ivanpah project.

The announcement follows BrightSource Energy‘s purchase of its first Siemens steam turbine generator in December 2008 to be used at Ivanpah‘s Unit I.

The contract is for the supply of two 133 MW steam turbines to be used at Ivanpah’s Units II and III. Last month, the company announced that it had purchased three solar receiver steam generators from Riley Power.

This contract continues the recent momentum for BrightSource’s Ivanpah Solar Electric Generating System. The project recently received the final federal permits from the U.S. Bureau of Land Management. On September 29th, the California Energy Commission unanimously agreed to certify the project for construction.

On August 12th, the California Public Utilities Commission approved BrightSource’s contract with Southern California Edison for 117 MW of power to be produced at Ivanpah.

On August 6th, the U.S. Bureau of Land Management issued its Final Environmental Impact Statement for BrightSource’s Ivanpah Solar Electric Generating System. In February, BrightSource received a conditional commitment from the U.S. Department of Energy for $1.37 billion in loan guarantees to support the financing of the Ivanpah project.

The project, located in San Bernardino County, California, will consist of three separate solar thermal power plants and provide power under separate contracts with Pacific Gas & Electric Co. and Southern California Edison.

PG&E will purchase about two-thirds of the power generated at Ivanpah and SCE will purchase about one-third. In all, BrightSource has contracted with PG&E and SCE to deliver 2,610 MW of electric power.

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