First Space-Based Solar Power Plant Approved

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"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."

2009 - Green Inc. Blog - NYTimes.com … -go-ahead/

This could be the start of something big! I suspect that the initial cost will be 100 times or more than market value, but the potential is enormous. Now, let's see if they actually make this a reality.