Saturday, September 25, 2010

No. 174: Eurus Energy constructs a large photovoltaic power plant in the U.S. (September 25, 2010)

Eurus Energy will construct one of America’s largest photovoltaic power plants with an investment of about \18.5 billion, responding to President Obama’s Green New Deal. The plant has an output of 45,000 kW that is equivalent to the electricity consumed by 10,000 households. It will be constructed on the 200-acre farmland in the southern part of the state of California. Construction will start by the end of this month, and the plant will be put into operation next June. At present, the largest photovoltaic power plant in the U.S. has an output of 25,000 kW. The management company for the plant was established by Eurus and the local generation company on a 50:50 basis. Generated electricity will be sold to energy suppliers for 20 years. One third of the construction cost is the subsidy from the U.S. government. The total output of photovoltaic generation in the U.S. was 477,000 kW. The U.S. is the fourth largest, following Germany, Italy, and Japan. The U.S. is expected to be second largest in 2012.
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