Arizona Corporation Commission OKs Crossroads Solar Energy Project

Santa Monica, Calif., February 7, 2011 — SolarReserve, a U.S. developer of utility-scale solar power projects, has received its final Certificates of Environmental Compatibility by unanimous decision (5-0) from the Arizona Corporation Commission for its 150 MW Crossroads Solar Energy Project.

The approval includes the associated transmission line connecting the project to Arizona Public Service's transmission grid.

This final approval follows this past December’s unanimous decision (11-0) from the Arizona Power Plant and Transmission Line Siting Committee to grant the certificates.

The project will create over 450 construction jobs during the two-year construction period and up to 5,000 direct and induced jobs, including offsite supplier and supporting activities.

The project has a capital cost in excess of $500 million and is expected to generate economic development in Gila Bend and throughout the region.

It will employ at least 45 full-time, permanent operations staff throughout the 30-year project operating life and has an annual operating budget of up to $10 million per year, largely spend locally.

Located on privately owned and actively cultivated land west of the Town of Gila Bend in Maricopa County, Arizona, the 150 MW Crossroads Solar Energy Project will supply about 450,000 MWh annually of reliable, zero-emission electricity to Arizona — enough to power up to 100,000 homes during peak electricity periods.

The project will use an advanced molten salt, power tower technology developed by Pratt & Whitney Rocketdyne, a division of United Technologies Corp., providing the ability to store 10 hours of solar energy and generate electricity on demand, even after the sun goes down.

This energy storage capability provides a stable, predictable electricity product and can replace conventional power generation that produces harmful emissions from burning coal, natural gas and oil.

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