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US solar company agrees partnership with Chinese government for solar power expansion

BrightSource Energy signs memorandums of understanding with two Chinese power agencies to expand solar power reach

Solar power
The deals were signed with the China Power Investment Corporation (CPI) and the China Renewable Energy Engineering Institute (CREEI).

A US company has signed two memorandums of understanding (MoU) with the Chinese government to collaborate on solar projects in the country.

The deals were signed with the China Power Investment Corporation (CPI) and the China Renewable Energy Engineering Institute (CREEI).

The MoUs were signed at the US-China Renewable Energy Industry forum in Shanghai, an event held annually under the US-China Framework for the Ten-Year Cooperation on Energy and Environment.

US Company BrightSource Energy said in a statement that they were chosen for a potential collaboration because of its developmental experience on the Ivanpah Solar Energy Generation System built with NRG Energy and Google.

Still under construction, the facility has a planned capacity of 392MW with 170,000 heliostat mirrors focusing solar energy on boilers located on solar power towers. The cost of the project is set to total $2.2bn.

BrightSource has said it will use this experience to ‘jointly promote technology advancement and project development for China’s CSP industry’. It will work closely with CPI’s subsidiary Huanghe Hydropower Development Co.

David Ramm, BrightSource executive chairman, talked about the prospect for these agreements. He said:   “The global market for CSP is expanding at a rapid pace and that is especially true in China. BrightSource looks forward to working with our partners in China to execute these MoUs.  In doing so, we will work to help establish industry best practices and grow a vibrant market for CSP.”

“These agreements are validation of BrightSource’s power tower technology solution, which is embodied by the development of Ivanpah.

MoUs are becoming a more commonly used business practice with the EU, China and US energy firms signing for plans for a 5000MW UK wind energy highway in September 2012.