Matinee Energy Enters Alliance With Hyundai, LG Electronics

Matinee Energy Inc., a renewable energy project developer and financier, has signed a memorandum of understanding (MOU) and formed a strategic alliance with Hyundai Heavy Industries Co. Ltd. and LG Electronics Inc., which are based of Korea.

Matinee has invited Hyundai and LG to join as lead partners for a total of 240 MW – or $1 billion – in contracts for solar energy plants in the initial phase. Both companies have accepted the invitation. Matinee says it also plans to add additional alliance partners that are complementary to all parties.

Colorado-based The Industrial Co., as well as other construction and technology companies located in the U.S., will also provide their specific services and resources. Matinee is targeting utility-scale solar energy plants in excess of 900 MW, primarily in the southwest U.S.

SOURCE: Matinee Energy Inc.

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