SolarReserve Seeks South African Plants, Expansion Into MidEast
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SolarReserve LLC, a closely held U.S. power plant developer, will bid to build two solar plants in South Africa and plans to expand into the Middle East.
Business in the Persian Gulf available for developers is in the “hundreds of megawatts, moving to the thousands of megawatts over the next five to six years,” Chief Executive Officer Kevin Smith said in an interview in Dubai. “The big wildcard is the Saudi market and whether it starts to develop in the next two to three years or if it takes longer.”