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World\'s Largest Solar Thermal Plant Planned for Northern Arizona - PhoenixCEOCFO.com

 

World's Largest Solar Thermal Plant Planned for Northern Arizona

Tempe-based Mohave Sun Power LLC plans to build the largest solar project in the world outside of Kingman, Arizona which will generate 340 Megawatts. The project, based on parabolic-trough technology, is expected to cost around $2.1 billion. The plant will cover six square miles with parabolic mirrors which will concentrate the sunlight on long tubes of oil that will be heated to 800 degrees. The oil is pumped to a central power block where it goes to a boiler to make steam..

Mitchell Dong, Executive Director and Co-Founder of Mohave, has said that the company has submitted bids for power purchase agreements (PPA) with utilities and will commence negotiations soon for a PPA. The company has an option on 4,000 acres of land and is preparing applications for all necessary permits and approvals. Construction is expected to start in 2010 and commercial operations in 2013.

The solar project is the second one of its kind proposed in Mohave County. The first was Albaisa Corporation's 200MW solar project also proposed for development in the Kingman area.

The company has applied for a federal loan guarantee from the U.S. Department of Energy. The project is also eligible for a 30% Federal Investment Tax Credit from the American Recovery and Reinvestment Act of 2009.

John Laub is the Chairman of the Phoenix CEO-CFO Group.

1. "World's Largest Solar-Thermal Plant Planned for Arizona Land Sold by Rhodes." Dave Hawkins. The Las Vegas Review-Journal. May 12, 2009.

2. "Another Solar Plant on Tap." Suzanne Adams. Kingman Miner. May 13, 2009.

3. "Mohave Sun Power Gears Up for $2.1b CSP Project." CSP Today. May 18, 2009.

4. "County to Host World's Largest Solar Project. Company Set to Build 340 Megawatt Plant." Jayne Hanson. Havasu News. May 10, 2009.

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