PG&E makes deal for space solar power

Utility to buy orbit-generated electricity from Solaren in 2016, at no risk

California’s biggest energy utility announced a deal Monday to purchase 200 megawatts of electricity from a startup company that plans to beam the power down to Earth from outer space, beginning in 2016.

San Francisco-based Pacific Gas & Electric said it was seeking approval from state regulators for an agreement to purchase power over a 15-year period from Solaren Corp., an 8-year-old company based in Manhattan Beach, Calif. The agreement was first reported in a posting to Next100, a Weblog produced by PG&E.

MSNBC