Starwood Energy Group Global, a private investment firm focused on energy infrastructure projects, has announced that its affiliate, Starwood Solar I, has signed a definitive power purchase agreement with the Arizona Public Service Company. Starwood Solar will contract with Lockheed Martin Corporation to construct a 290MW concentrating solar trough plant in Harquahala Valley, Arizona and commit all the renewable energy and capacity from the facility to Arizona Public Service Company (APS) under the power purchase agreement (PPA).
The facility is scheduled to be completed in 2013 and it will provide enough electricity for nearly 73,000 APS electricity customers.
The facility is the direct result of Starwood Energy's ongoing teaming agreement with Lockheed Martin to build utility-scale solar power facilities and is a customized response to APS which is seeking to further expand its sources of energy from renewable sources.
The plant will be located in the Maricopa County, Arizona, approximately 75 miles west of Phoenix, and will be owned by Starwood Solar, with all the power generated by the facility provided to APS through a long-term PPA.
Lockheed Martin will be responsible for engineering, procurement and construction, as well as operations and maintenance when the facility is complete.
Over the next 12 months, Starwood Energy and its affiliate Nautilus Solar Energy will work to complete permitting and structure and place the construction and permanent financing Starwood Energy acquired Nautilus to expand its solar development platform in December 2008.
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