Space-Based Solar Power on Island in the Pacific Ocean. Will This Be Viable?

The Pacific island of Palau is being proposed as the site to have microwaves beamed down from an orbitting satelite.

http://news.yahoo.com/s/ap/20071223/ap_on_sc/space_power;_ylt=AsXoXCpo8gq2JVCGTeDXtXAPLBIF