DBL Investors News
DBL Investors News
May 13, 2009
PG&E AND BRIGHTSOURCE SIGN RECORD SOLAR POWER DEAL
Power Output of Solar Projects is Expected to Equal the Consumption of 530,000 Average Homes
SAN FRANCISCO, Calif. – Pacific Gas and Electric Company (PG&E) announced today that it has entered into
a series of contracts with BrightSource Energy, Inc. for a total of 1,310 megawatts (MW) of solar thermal power.
These power purchase agreements, covering seven projects, supersede the agreements PG&E executed with
BrightSource in April 2008 for up to 900 MW of solar thermal power.
The first of these solar power plants, sized at 110 MW and located in Ivanpah, Calif., is contracted to
begin operation in 2012. BrightSource will build and place in commercial operation each of its plants as quickly
as permitting and infrastructure allow. All seven projects are expected to produce 3,666 gigawatt-hours of power
each year, equal to the annual consumption of about 530,000 average homes.
“The solar thermal projects announced today exemplify PG&E’s commitment to increasing the amount of
renewable energy we provide to our customers throughout northern and central California,” said John Conway,
senior vice president of energy supply for PG&E. “Through these agreements with BrightSource, we can harness
the sun’s energy to meet our customers’ power requirements when they need it most – during hot summer days.”
“Today’s agreements reflect the technological milestones that the BrightSource Energy team has
achieved over the past year,” said John Woolard, CEO of BrightSource Energy. “Our technology is setting the bar
for efficient production of solar energy. We’re thrilled by the opportunity to help PG&E and other leaders bring
energy customers more clean and reliable solar energy.”
Since 2002, PG&E has entered into contracts for more than 20 percent of its future electric power
deliveries from renewable sources. On average, half of the electricity PG&E delivers to its customers comes
from carbon-free generating sources, making the company’s energy among the cleanest in the nation.
About Bright Source Energy
BrightSource Energy, Inc. provides clean, reliable and low cost solar energy for utility and industrial companies
worldwide. The BrightSource Energy team combines nearly three decades of experience designing, building and
operating the world’s largest solar energy plants with world-class project development capabilities. The company
now has contracted to sell more than 2,600 megawatts of power to be generated using its proprietary solar thermal
technology. BrightSource Energy’s solar plants are designed to minimize their impact on the environment and
help customers reduce their dependence on fossil fuels. Headquartered in Oakland, Calif., BrightSource Energy is
a privately held company with operations in the United States and Israel. To learn more about BrightSource
Energy and solar thermal energy, visit www.brightsourceenergy.com.