Sunday, April 30, 2006

G.E., Betting on the Future, Finances a Solar Farm in Portugal






By CLAUDIA H. DEUTSCH, NY Times



The sheep that have long grazed on 150 acres of farmland in Serpa, Portugal, will soon have to share their space with the world's largest solar energy plant.

Next month the PowerLight Corporation, using $75 million of the General Electric Company's money, will begin installing the first of what will be 52,000 solar panels, capable of generating 11 megawatts of electricity — enough to light and heat 8,000 homes.


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