From the NYT’s Green Inc blog:
California regulators on Thursday went where no regulators have gone before — approving a utility contract for the nation’s first space-based solar power plant.
The 200-megawatt orbiting solar farm would convert solar energy collected in space into radio frequency waves, which would be beamed to a ground station near Fresno, Calif. The radio waves would then be transformed back into electricity and fed into the power grid.
A Southern California start-up called Solaren will loft components for the solar power plant into orbit and sell the electricity it generates to Pacific Gas and Electric, the major utility in Northern California, under a 15-year contract. The project is supposed to be turned on in 2016.