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Solar power plant maker Solel raises more than $100 million

Providing fresh evidence that solar thermal is one of the hottest segments in green tech, Solel said on Monday that Ecofin is investing $105 million into the company.

Solel makes equipment for solar thermal power plants, facilities that use the sun's heat to create steam and turn an electricity generator.

Its specialty is parabolic troughs. Thousands of troughs reflect sunlight to heat a liquid that makes steam. The company's equipment has been in use in the Mojave Desert since 1985.

Solar thermal is one of the most cost-effective forms of renewable power and is best suited for desert … Read more

PG&E links with Ausra for 177 megawatts of solar thermal power

Pacific Gas and Electric has entered into a contract to buy 177 megawatts of power from a solar thermal power plant that will be built by Ausra.

The power plant will be located in San Luis Obispo county in central California and provide, roughly, enough power for 60,000 homes. Ausra has filed applications to build the plant with the California Energy Commission and hopes to have the plant up and generating power in 2010.

This won't be the last solar thermal contract PG&E will sign. PG&E says it plans to get a gigawatt worth of power from solar thermal systems in five years. … Read more