On Monday it has been said by German thermal solar specialist Solar Millennium AG and German construction and engineering firm MAN Ferrostaal AG that they have formed a joint venture in order to build three utility-scale plants in the Southwestern U.S. which will cost about $3 billion.

Each plant will be having a capability to produce enough electricity to power about 80,000 homes.

Solar Trust of America LLC is the name given to the new venture. 70% of the new venture will be owned by The Solar Millennium AG and 30% of that venture shall be owned by MAN Ferrostaal’s U.S. subsidiary, MAN Ferrostaal Inc. of Cleveland, Ohio.

Solar Millennium’s power purchase agreements with Southern California Edison /quotes/comstock/13*!eix/quotes/nls/eix (EIX 31.66, -0.58, -1.80%)  has been obtained by Solar Trust of America to deliver up to 726 megawatts of electricity.

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