The project is expected to cost around $2 billion, which will mainly go towards the R&D of the base station and launching the satellites. SolarEn CEO Gary Spirnak has complete confidence in the concept and the company's ability to develop this system. In fact, he projects that they will be able to generate 1.2 to 4.8 gigawatts of power at a price that is comparable to other forms of renewable energy. PG&E is also committed to the idea and has entered into a 15 year contract with SolarEn to produce enough power for 250,000 homes.
Monday, April 20, 2009
We shall see.
PG&E Announces Solar Power From Space By 2016