Berkeley's Powerlight wins world's largest solar deal
Updated
| Kamuela, HI |
Turns out, that argument may not be such a stretch. Powerlight, of Berkeley, CA, a large venture-backed solar installer, is the latest to show how it is done. It has just won a contract to help build the world's largest solar photovoltaic power project: a 11-megawatt solar power plant in Serpa, Portugal.
Powerlight won't tell us what portion of the $75 million transaction they pick up (they are in a consortium with GE and others) but the company's engineers figure out the best configurations for the solar project at hand, and so play a key role. Powerlight has been hiring engineers and project managers in Berkeley to keep up with all the work. The company has been growing at a 70 percent clip for the past few few years, has well north of $100M in revenue, and will see similar growth this year, Powerlight Executive Vice President Howard Wenger tells us. They've hired 50 people in the last 12 months, for a total of 140.
Here is the list of the largest installations in the world, and you'll see that this latest Portugal is the biggest by a comfortable margin.
Powerlight recently installed the panels at Silicon Valley's largest facility, Microsoft's campus, which we wrote about here.
The company scored $3 million last year from San Francisco's Bay Area Equity Fund, which is managed by J.P. Morgan. The company says it is profitable.
http://www.siliconbeat.com/cgi-bin/mt331/mt-tb.cgi/1326
Links to blogs that reference this entry:
