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BrightSource shelves second major solar (thermal) project this year
The solar plant developer said in a document filed with the California Energy Commission on Wednesday that it was suspending its application for permission to build the 500 megawatt Hidden Hills solar thermal power project until further notice.
It added in an emailed statement that it had agreed with Pacific Gas and Electric to terminate the utility's plan to purchase power from the plant due to "challenges associated with the project schedule and uncertainty around the timing of transmission upgrades".
...snip...
In January, BrightSource suspended its 500 MW Rio Mesa project in Riverside County, California, after multiple delays in the permitting process.
The company, which canceled a planned initial public offering last year, said Hidden Hills remains "a valuable site" but that it would focus on its 500 MW Palen project in the meantime.
http://www.reuters.com/article/2013/04/04/us-brightsource-california-idUSBRE93303P20130404
It added in an emailed statement that it had agreed with Pacific Gas and Electric to terminate the utility's plan to purchase power from the plant due to "challenges associated with the project schedule and uncertainty around the timing of transmission upgrades".
...snip...
In January, BrightSource suspended its 500 MW Rio Mesa project in Riverside County, California, after multiple delays in the permitting process.
The company, which canceled a planned initial public offering last year, said Hidden Hills remains "a valuable site" but that it would focus on its 500 MW Palen project in the meantime.
http://www.reuters.com/article/2013/04/04/us-brightsource-california-idUSBRE93303P20130404
My understanding is that they also want to shift this plant to a design that includes storage... and that such a move requires a new round of permits/hearings/etc. So this move makes sense.
