APS Signs 290 MW CSP Power Purchase Agreement (AZ)

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http://www.solarbuzz.com/News/NewsNAPR1517.htm

Starwood Energy Group Global, LLC, and Arizona Public Service Co. today announced they have signed a Power Purchase Agreement, a precondition to Lockheed Martin's involvement to design and build the 290-megawatt Concentrated Solar Power plant that will bring more utility-scale renewable energy to Arizona. The project, named Starwood Solar I, will be owned by an affiliate of Starwood Energy.

Lockheed Martin, as Starwood Energy's exclusive partner, will serve as the project's Engineering, Procurement and Construction (EPC) contractor. To support the project, Lockheed Martin will leverage the expertise gained from its solar energy testbed, a full-scale solar collector assembly in Moorestown, NJ. The PPA signing is the next step in building one of the world's largest CSP plants.

The project is scheduled for completion in 2013, pending regulatory approval.

"Lockheed Martin is very pleased to partner on the Starwood Solar I project," said Chris Myers, Lockheed Martin vice president for Solar Energy programs. "Our expertise with engineering and production makes us uniquely qualified to serve as the project's EPC contractor. To drive to successful completion on this project, we are applying the kind of world class systems engineering and disciplined integration approaches that all of our domestic and international customers enjoy."

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