Failure of 663 MW Stirling solar power plant another blow for centralized solar
| Written by John Farrell | No Comments | Updated on Jan 3, 2011 The content that follows was originally published on the Institute for Local Self-Reliance website at http://www.ilsr.org/failure-663-mw-stirling-solar-power-plant-another-blow-centralized-solar/Southern California Edison recently canceled a 663 MW power purchase agreement for a Stirling dish powered concentrating solar power plant. It’s the latest blow for centralized solar as the economics have continued to favor decentralized solar. There were other issues, too:
Stirling and Tessera…also needed millions in equity investments and big honking loans from the government and others.
When modular, decentralized solar PV is easy to finance and less expensive than centralized solar thermal electricity, the decentralized power is going to win.