I don't think so.
Why not then rate it in kilowatt-hours?
Actually this whole press release is full of questionable claims. Let's do some economic analysis. The plant is said to cost 250 million euros, and it is said that the plant will, according to the corporate giant BP, produce 250 full time jobs.
Now, the plant is located in the newly desertified country of Portugal and so we will
assume that this plant has the highest capacity loading of any solar PV plant on the planet, ie that it twice as good as this "over performing" plant in the California desert, which has a capacity loading factor of 15%:
http://www.solarelectricpower.org/SEPA_Member_News/index_detail.cfm?LinkAdvID=14943(Here is the calculation: The plant produced 163,000 kilowatt-hours or 590 billion joules. It is rated at 136,000 kilowatts, which multiplied by 31,557,600 seconds in a year gives a theoretical full capacity of 4.2 trillion joules. Dividing 590 billion by 4 trillion gives 0.15 or 15% roughly.)
So let's say this Portugese plant operates at 30% of loading capacity, twice as high as the Hopland plant.
This means it's
average output is 18.6 Megawatts which translates to an energy output (again annualized) is 587 trillion joules or 0.195 billion kilowatt-hours. The
retail price of electricity in Portugal for industrial facilities (delivered) was 0.07 USD/kw-hr in 2002.
http://www.eia.doe.gov/emeu/international/elecprii.htmlThis means that the plant can expect in revenue, given in USD, $13.7M. The amortization of the plant
at zero interest is thus 18 years, (1.2 Euro/USD) without a huge increase in electrical rates.
Meanwhile, the plant is claimed to be providing 250 jobs. The per capita income of Portugal is $14,000, or $56,000 for a family of 4.
http://www.worldbank.org/data/countrydata/aag/prt_aag.pdfFor 250 jobs at this level the labor cost alone would be $13,000,000/year or close to the total revenue if the plant were
free. Probably the jobs
don't pay that well but still, the general idea is pretty clear. More likely the jobs are all outside of the area of the Portugese facility entirely, and the real jobs in the area will be things like solar cell window washer, wiping the dust that drifts all over the new global climate change induced desert. I don't know the cost of Windex in Portugal.
And I remind you that I have assumed
exceptional performance for this plant.
Now I'm sure that you find this unimpressive, but still I must say that from my perspective something is rotten in Denmark, Denmark being a country that buys it's power from France and Germany when the wind isn't blowing.