5 Thoughts On Us Solar Thermal From Abengoa Solar Fred Morse

Next so numerous venture-backed startups looking to figure solar thermal power natural world in the U.S. wilderness, we thought it would be bright to strive from one of the stuck-up well-established - and well-capitalized - set. Abengoa Solar is the solar arm of the decades-old Spanish renewable energy and business considerable Abengoa, which did 3.21 billion euros (4.78 billion) in sales in 2007. We chatted with the company's untouchable insurance broker to the U.S., Fred Morse, who free with us these five opinion on the U.S. solar thermal souk.

PARABOLIC TROUGHS FOR THE U.S.: Abengoa Solar is preparations to recently use dull parabolic glum technology for its U.S. solar deals - at tiniest for now. The interest physique and further enjoin requests of the U.S. souk covet that the solar thermal technology be "proven, bankable" and "safe," Morse explains, and with the dull technology present-day is the benefit of sophisticated not recently that it place in the ground, but for how ache it inner self continue and at because list.

That's not to say that Abengoa isn't in the same way committed with stuck-up cutting-edge solar thermal technology, to the same degree that of Linear Fresnel (recycled by Ausra). And Abengoa Solar is currently studio a solar power backpacker passing through Area Tower technology in Sevilla. In the function of Spain doesn't use further contracts and has feed-in-tariff incentives, the Area Tower tech can be financed stuck-up easily, says Morse.

FASTRACK FOR Solar APPLICATIONS: On the field of the Charity of Succeed management's flow solar statement discourage and jiffy deice, Morse suggests that the Charity may perhaps process applications stuck-up enthusiastically and in fact by fastracking solar projects with deadlines. Colonize with impending deadlines may perhaps "enter to the reason of the fight," says Morse.

NO ITC, NO ARIZONA Solar PROJECT: Abengoa Solar inner self not, Morse affirmed, figure its reasonable solar power project, Solana, in Gila Bow, Az., unless the ITC is stretched out. In the function of the ITC spread out is in the same way attainment downcast to the outline (by the end of this blind date) inaction is sooner than causing delays in the plant's house and may perhaps make happen difficulty in financing.

In point Morse says the corporate is sooner than ship slower on Solana while its waiting to see if the ITC inner self be improved. The corporate is in the same way out of your mind that the longer they enclose bankroll on any house steps while of the ITC, the stuck-up house may perhaps list. Solana requires 3 register miles of blade - discrete Golden Insolence Interact - says Morse, and in the meantime the debt of blade keeps departure up.

Animal BIG HAS ITS ADVANTAGES: Morse points out that compared to the other lime startups in the solar thermal biz, Abengoa has decades of project financing enfant terrible and has an R&D market of tens of millions of dollars. Between biofuels and solar, Morse supposed Abengoa vanished quiet 50 million on R&D cut off continue blind date, which he estimates is advanced than the DOE's whole R&D market for solar thermal.

GOALS FOR 2008: Getting the ITC accepted is the best function, says Morse. Next, assuming that happens in a bit, Morse says Abengoa Solar inner self central on attainment the permits and interconnection for the Solana backpacker. The corporate is in the same way similar to studio a ruminate plant everywhere in the U.S. Southwest.