Solar Trust of America LLC, a newly formed integrated industrial solar solutions company, says it has entered into contractual arrangements with its business partners Solar Millennium AG and MAN Ferrostaal to provide the U.S. market with turnkey services for the development, construction and financing of large-scale concentrated solar power (CSP) plants in the Southwestern region of the U.S.
Services offered by Solar Trust of America include project development; plant layout design; engineering, procurement and construction; supply chain management; plant operations and management; ready access to large-scale project financing; and equity participation.
Solar Trust of America has also entered into an agreement to use Solar Millennium's in-house Flagsol parabolic trough technology exclusively in North America.
Berkeley, Calif.-based Solar Millennium LLC, a developer of solar thermal power plant technology, has become a wholly owned subsidiary and will serve as the company's solar thermal power plant development arm. Solar Millennium and MAN Ferrostaal are both contributing assets and technical expertise to Solar Trust of America and will be shareholders in the new company.
SOURCE: Solar Trust Of America LLC