Solargenix and Acciona break ground on Nevada Solar One

Boulder City, NV, Feb. 23, 2006 — Solargenix Energy and Acciona Energy SA broke ground on Nevada Solar One. A recent press release from the companies said the plant was the largest-capacity solar thermal plant to be built in the last 15 years and the third-largest in the world.

The 300-acre facility in the Eldorado Valley will use arrays of solar troughs that collect heat from the sun and transfer 750 degrees to a steam turbine that will generate 64 MW of electricity.

During construction, Nevada Solar One will employ an estimated 350 to 400 workers through the project contractor, Lauren Engineers and Constructors and their subcontractors and suppliers. Upon completion, the facility will have a permanent staff of 29 employees. Nevada Solar One is due to be operating and generating electricity for by March 2007. All of its electricity production will be sold to Nevada Power Co. and Sierra Pacific Power Co. under long-term power purchase agreements.

Acciona Energy, based in Madrid, Spain, is a renewable energy company owning or operating over 2,900 MW of wind, biomass, hydro and solar power plants. The company has 400 MW in construction and 2,600 MW under development. Acciona Energy is the renewable energy subsidiary of Acciona, a Spanish industrial group.

In addition to Nevada Solar One, Solargenix Energy and Acciona Energy, are developing solar electric generation system (SEGS) projects around the world. The SEGS projects under development, which include solar power generation facilities, solar power systems combined with combined cycle natural gas, diesel, wind, biomass and landfill gas have capacities of 1MW to over 1000MW.

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