SolarReserve Leads Renewable Energy Companies At 2012 Platts Global Energy Awards

SolarReserve's flagship project began construction in September 2011, near Tonopah, Nevada.  Once completed, the 110 megawatt Crescent Dunes Solar Energy Plant will be the first commercial scale solar plant of its kind with integrated energy storage. The plant will deliver clean and reliable electricity to NV Energy and more than 75,000 homes during peak demand periods in the state of Nevada.  More than 275 construction workers are currently on site, with 75 percent of the cumulative workforce coming from Nevada residents.  The construction workforce will peak at almost 600 workers and the project is expected to create over 4,300 direct, indirect and induced jobs during the construction phase.  To date, the project has purchased equipment and services from US manufacturers and suppliers from 20 states.

"Winners of the Platts Global Energy Awards, as well as finalists, are to be congratulated for their accomplishments, contributions and commitment to the improvement of the global energy arena," said Larry Neal, president of Platts.  According to Platts, "Innovation is at the heart of all alternative energy industries – and SolarReserve is an outstanding example of innovative thinking."  All judging decisions are made by an independent panel of distinguished energy sector experts. For the full list of 2012 Platts Global Energy Awards winners, including the judges' rationale, visit the Platts Global Energy Awards website.

About SolarReserve SolarReserve, LLC – headquartered in Santa Monica, California – is a developer of large-scale solar energy projects with activities worldwide.  SolarReserve has commercialized the world's leading solar thermal energy storage technology utilizing molten salt in a power tower configuration. SolarReserve's team of power project professionals have assembled an extensive 4,000 MW development portfolio of large-scale solar projects featuring its advanced solar thermal technology (also referred to as concentrated solar power or CSP) as well as projects utilizing photovoltaic technology. SolarReserve's lead CSP project, the 110 MW Crescent Dunes Solar Energy Project located near Tonopah, Nevada, started construction in September of 2011 and is the world's largest molten salt power tower project and includes 10 hours of full-load integrated energy storage.  In November of 2012, SolarReserve and its consortium partners started construction on two 75 MW photovoltaic projects in South African in one of the largest project finance transactions ever completed in South Africa and among the largest renewable energy projects in Africa.

For more information: www.SolarReserve.com

U.S. Media Contact: Andi Plocek, SolarReserve, [e-mail]

SOURCE SolarReserve

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