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24hr/day operation - is provided, presently, very adequately, by all hydroelectric, nuclear and upcoming wind-based systems. There is fluctuation, to be sure, but they're all also balanced in real-time quite well (especially hydroelectric). The BASE is covered.
The cost of lofting stuff into space - of the scale imaged (never having been done, and moreover, larger by 3 orders-of-magnitude than anything yet done) ... is WAY more per kilogram than shooting communications and spy satellites into orbit. Without a doubt, people will have to assemble the monstrosities in mid-earth orbit (~2500 mi) 'cuz LEO would offer too much atmospheric friction, forces and orbital decay. Then, lofting it to 22,500 miles ... very very carefully ... would take a huge additional amount of propulsion. I'm not saying it can't be done! I'm saying, whatever the present abstracted orbital insertion cost per kg, I easily can see it over-running to the tune of 200% or 300%.
THEN, the straight economics kicks in: how many additional desert-region based solar cell arrays could have been purchased for the lofting-and-insertion price of the power-sat system (and the recipient microwave field?)
These are reasonable (if because of formatting, cryptic) notes:
The first column is ground based.
The second column of numbers if space based.
I pulled the numbers out of my nether regions - but trying to be "reasonable".
The EST on line (14) shows $323 per installed kilowatt-hour for ground based, and $600 per kilowatt hour for space based.
Except for the excitement of doing a huge space-based power system (and it is exciting), I think it makes much more sense to install 3x as many cells on the ground, and save all the exciting space work for something delivering a lot higher value and less risky.
TABLE:
3 Peak insolation 1000 1360 watt/sq meter
4 Mean insolation 333 1360 watt/sq meter
5 Cell effic 22% 27%
6 Cell cost/sq meter $150 $375
7 Vehicle (frame) cost/sq meter $100 $200
8 Cost/peak kilowatt $1,136 $1,566
9 Cost/mean kilowatt $3,409 $1,566
10 kWh/sq.m/day 1.76 8.81
11 Conversion efficiency 90% 65%
12 kWh/sq.m/day (usable) 1.58 5.72
13 Conversion stn cost(per kw) $100 $150
14 Installed cost per kWh: $323 $600
15 : Cells $95 $65
16 : Vehicle (frame) $63 $35
17 : Conversion $100 $150
18 : Deployment (labor+fab) $50 $200
19 : Transportation $5 $100
20 : Insurance $10 $50
This was discussed (along with a lot of side issues) in a recent issue of The Oil Drum.
http://www.theoildrum.com/node/5485