Crete: 38MW Solar Electricity License Granted From Greek Regulatory Agency

By Nur Moh, PRNE
Wednesday, January 19, 2011

ATHENS, Greece, January 20, 2011 - NUR-MOH SA today announced that it received a 38 megawatt (MW)
Electricity Generation License for a solar power plant on the island of Crete
in Greece from the Greek regulatory agency. The Crete Concentrated Solar
Power (CSP) plant will be the first in Europe to feature BrightSource
Energy's proprietary LPT 550 solar technology system and will produce
electricity for approximately 13,000 homes and reduce carbon emissions by
35,000 tons annually. The developer Nur-MOH SA is a joint venture between Nur
Energie, an independent power producer and developer active in the
Mediterranean region, and Motor Oil Hellas (MOH), one of the largest
corporations in Greece, and listed on the Athens Stock Exchange.

"After careful consideration, we selected BrightSource's LPT
550 energy system because of the technology's superior performance, low
impact environmental design and ability to be customized to Crete's unique
energy load profile," said Kevin Sara, founder and CEO of Nur Energie. "When
completed, this will be the largest tower installation and the most
technologically advanced CSP plant in Europe."

BrightSource Energy's proprietary LPT 550 energy system is
designed to offer the industry's highest operating efficiencies and lowest
capital costs. The system uses thousands of small mirrors - called heliostats
- to reflect sunlight onto a boiler atop a tower to produce high temperature
steam. The steam is then piped to a conventional turbine, which generates
electricity. In order to conserve water, the steam is air-cooled and piped
back into the system in a closed-loop, environmentally friendly process. By
using a dry-cooling technology, the plant consumes approximately 95 percent
less water than competing wet-cooled solar thermal technologies.

"This licensing agreement reflects growing recognition of
power towers as the commercial solar thermal technology of choice for energy
markets around the world," said John Woolard, president and CEO of
BrightSource Energy. "We're proud to be working with Nur Energie to provide
the people of Crete with highly efficient, reliable and environmentally
responsible power." For Nur Energie, this is the first CSP plant to be
licensed within a portfolio of solar development activities, including large
scale solar power plants in North Africa.

Nur Energie Ltd is an independent solar power producer in the
Mediterranean region. Since 2008, it has focused on developing projects with
CSP, PV and CPV technology in five core markets- Greece, Italy, France,
Morocco and Tunisia, and has a pipeline of over 100MW of PV projects and over
2210MW of CSP projects in development. Please visit
for more information.

Motor Oil (Hellas) has been a leader in the oil and energy
market in Greece for decades. Its Refinery with its ancillary plants and
offsite facilities forms the largest privately held industrial complex in
Greece and is considered as one of the most advanced refineries in Europe. It
is active in the Greek electricity market through its participation in the
company Korinthos Power for the construction of a 437MW CCGT power plant
within the refinery facilities. Motor Oil is listed on the Athens Stock
Exchange. Please visit for more information.

BrightSource Energy, Inc. provides clean, reliable and low
cost solar energy for utility and industrial companies worldwide. The
BrightSource Energy team combines nearly three decades of experience
designing, building and operating the world's largest solar energy plants
with world-class project development capabilities. The company now has
contracted to sell 2610 megawatts of power to be generated using its
proprietary solar thermal technology. BrightSource Energy's solar plants are
designed to minimize their impact on the environment and help customers
reduce their dependence on fossil fuels. Headquartered in Oakland, Calif.,
BrightSource Energy is a privately held company with operations in the United
, Israel, and Australia. To learn more about BrightSource Energy and
solar thermal energy, visit

    For BrightSource information contact:
    Kristin Hunter +1(415)281-7161
    Hill & Knowlton for BrightSource Energy

    For Nur MOH information contact:
    Marleen Franke +44(0)203-102-5358

For Nur MOH information contact: Marleen Franke +44(0)203-102-5358, mf at For BrightSource information contact: Kristin Hunter +1(415)281-7161, Hill & Knowlton for BrightSource Energy, kristin.hunter at

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