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Article Excerpt
Solar Trust of America, LLC, a newly formed integrated industrial solar solutions company, announced that it has entered into contractual arrangements with its business partners Solar Millennium and MAN Ferrostaal to provide the U.S. market with a complete turnkey solution in connection with the development, construction and financing of large-scale concentrated solar power (CSP) plants in the southwestern region of the United States.
The services offered by Solar Trust of America include Project Development; Plant Layout Design; Engineering, Procurement and Construction (EPC); Supply Chain Management; Plant Operations and Management; ready access to large-scale project financing; and equity participation. Solar Trust of America also announced that it has entered into an agreement to use Solar Millennium AG's proven, in-house Flagsol parabolic trough technology exclusively in North America.
"We believe that we are the only CSP company providing a completely integrated solar solution using proven technology for utility size plants currently generating electricity for the grid," said Uwe T. Schmidt, Chairman and Chief Executive Officer of Solar Trust of America. "With thousands of fully-funded and completed industrial projects in the combined portfolios of our business partners, we expect to become the industry leader in the development and construction of these solar thermal power plants in the U.S."
The company's business partners include Solar Millennium AG, an international project and technology developer and supplier of parabolic trough collector technology used in powering solar thermal power plants; and MAN Ferrostaal Incorporated, a U.S. subsidiary of MAN Ferrostaal AG, a worldwide provider of industrial...
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