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01/12/2010

China Uses Countertrade In Solar Deal With U.S. Company

China has inked an agreement with ESolar Inc. of Pasadena (CA) to build a series of solar thermal power plants in China. It’s one of the largest renewable energy plants of its kind,  with a total capacity of 2,000 megawatts.

Under terms of the deal ESolar agreed to a countertrade, i.e. they will construct their power plant receivers in China, rather than in the U.S. However ESolar will retain control of the intellectual property behind the technology’s design and operation.

ESolar relies on a sophisticated software system and imaging technology to control 176,000 small mirrors that form arrays at its standard 46-megawatt power plant. The software positions the mirrors to create a virtual parabola to focus the sun on the receiver tower.

The mirrors’ dimensions — each about the size of a television screen — allow ESolar to make and install them cheaply and use less land for the power plant.



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