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Nevada Solar One
By MB-BigB | October 4, 2006
NPR reported a couple of days ago on a project taking place out in Nevada called Nevada Solar One. While its a solar parabolic trough of curved mirrors designed to concentrate the sun’s rays, the project will used a closed loop tube filled with special heat resistant transfer fluid that will be heated by the sun. The hot fluid, which can reach 700 degrees F., will be used to turn water into steam, which will turn a steam turbine to make electricity. When Nevada Solar One is completed, it should generate 64 megawatts of electricity, enough to power 40,000 homes in Las Vegas. By contrast, the largest photovoltaic array in the world, located in Germany, produces 10 megawatts of electricity.
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Topics: Solar Power |
August 16th, 2007 at 7:56 pm
[…] Wells Fargo Bank said today that it is taking a large equity stake in Nevada Solar One, a $266 million 64 megawatt solar power plant. Nevada Solar One is a solar trough design, that uses sun-tracking parabolic mirrors to heat tubes of synthetic oil to create steam and drive a turbine. Other large banks taking equity stakes include Northern Trust and JPMorgan Capital. This deal represents the first leveraged lease structured financing for a US Solar farm, and indicates a willingness of financial companies to invest in alterntive power. […]