The forces have been joined by two German companies in order to enter the U.S. utility-scale solar market.
A joint venture has been announced by solar thermal company Solar Millennium and plant construction firm MAN Ferrostaal, they have called their venture as Solar Trust of America, LLC. This joint venture have been announced to turnkey development, construction and financing of large-scale concentrated solar power (CSP) plants in the southwestern region of the United States.
Both assets and technical expertise to Solar Trust of America is being contributed by Solar Millennium and MAN Ferrostaal and both these companies will be shareholders in the new company.
Solar Millenniums Flagsol parabolic will be employed by Solar Trust of America trough technology exclusively in North America.
Uwe T. Schmidt, who is the Chairman and CEO of Solar Trust of America has said that with thousands of fully-funded and completed industrial projects in the combined portfolios of their business partners they anticipate to become the industry leader in the construction and development of these solar thermal power plants in the U.S.
Solar Millennium, LLC, of Berkeley, California, will be serving as the development arm for Solar Trust of America.
It has been said by the Solar Trust that it has been ideally positioned in order to build on the success of Solar Millennium, LLC’s June 17, 2009 announcement of the execution of power purchase agreements with Southern California Edison (SCE). The agreements, which have been subjected to approval by the California Public Utilities Commission, have called for the development of two, 242-megawatt (MW) power plants, and they are also having the option to expand to include a third 242-megawatt plant, for a total capacity of up to 726 megawatts, and it is provided for the purchase of the output by SCE over a 20-year period. It is anticipated that these solar thermal power plants will begin operation between 2013 and 2014.
You might also like
|
|
|
|
|
