LOS ANGELES (Reuters) - The company behind what is expected to one day be the world's largest solar power plant on Thursday said the California project will use photovoltaic technology instead of solar thermal power because of the dramatic drop in the price of solar panels.
Germany's Solar Millennium AG said it will convert the first 500 megawatts of its 1,000 MW Blythe solar power plant in the Mojave desert to PV. It will decide what technology to use for the second half of the project at a later date. The company did not name a PV panel supplier for the project.
"Solar Millennium responds quickly and pragmatically to market conditions, and at the moment the California market favors PV technology," Solar Millennium Chief Executive Christoph Wolff said in a statement.