SANTA MONICA, Calif., Aug. 3, 2011 /PRNewswire/ — SolarReserve, a U.S. developer of large-scale solar power projects, today announced an amendment to the Development Agreement between Nye County and Tonopah Solar Energy LLC, SolarReserve’s affiliate, that will require 90 percent of the construction workforce come from Nevada residents for the company’s 110 megawatt Crescent Dunes Solar Energy project located in Nye County, Nevada. The project is expected to create more than 600 jobs on-site during the peak construction period.
SolarReserve, LLC — headquartered in Santa Monica, Calif. — is a solar energy project development company developing large-scale solar energy projects worldwide. It holds the exclusive worldwide license to the molten salt solar power tower technology developed by Pratt & Whitney Rocketdyne, a subsidiary of United Technologies Corporation. Since its formation in late 2007, SolarReserve’s team of power project professionals have assembled a concentrated solar power development portfolio of more than 25 projects featuring its licensed solar power technology with potential output of more than 3,000 megawatts in the United States and Europe, with early stage activities in other international markets including the Middle East, North and South Africa, Australia, China and Latin America. SolarReserve is also developing 1,100 MW of photovoltaic projects across the Western United States, and is actively acquiring new sites to add to the pipeline. SolarReserve’s experienced management team has previously developed and financed more than $15 billion in renewable and conventional energy projects in more than a dozen countries around the world. SolarReserve is majority-owned by US Renewables Group with other investors that include Good Energies, Citigroup, Credit Suisse, Nimes Capital, Pacific Corporate Group, CALPERS Clean Energy and Technology Fund and Argonaut Private Equity.
SolarReserve’s molten salt concentrating solar power tower technology was successfully demonstrated in California under a U.S. Department of Energy-sponsored pilot project in the late 1990s. The 10 megawatt pilot facility utilized a molten salt receiver designed, engineered and assembled by Rocketdyne, now a part of United Technologies Corporation.
For more information on SolarReserve, please visit www.SolarReserve.com