Posted in | News | Solar Energy | Green Energy

Solar Trust of America Forms Joint Venture with SolarHybrid to Form SolarHybrid of America

Solar Trust of America, an integrated solar power solutions provider that developed the Blythe Solar Power Project, the biggest solar power production facility in the world, declared that it has contracted a letter of intent with SolarHybrid to organize a joint venture known as SolarHybrid of America.

SolarHybrid of America, the new company, which will come into being after the finalization of negotiations, will be engaged in formulating, constructing and managing utility-level solar power projects in North America. It will develop stand-alone type of photovoltaic constructions as well as concentrate on projects that will have Concentrated Solar Power (CSP) and photovoltaic installation in a single location. According to Uwe T. Schmidt, Solar Trust of America’s Chairman and CEO, the developing of PV and CSP installations in tandem instead of utilizing a single technology enables cost- effective production ratios. The new company will operate from the Oakland office owned by Solar Trust. Other terms of the contract were not revealed.

Earlier, the Department of Energy has made a conditional assurance for a federal loan guarantee valued at $2.1 billion for funding the first phase of its 1,000 MW Blythe Solar Power Project incorporating CSP technology and located in Riverside County, California.

Citations

Please use one of the following formats to cite this article in your essay, paper or report:

  • APA

    Chai, Cameron. (2019, March 01). Solar Trust of America Forms Joint Venture with SolarHybrid to Form SolarHybrid of America. AZoCleantech. Retrieved on July 12, 2024 from https://www.azocleantech.com/news.aspx?newsID=14971.

  • MLA

    Chai, Cameron. "Solar Trust of America Forms Joint Venture with SolarHybrid to Form SolarHybrid of America". AZoCleantech. 12 July 2024. <https://www.azocleantech.com/news.aspx?newsID=14971>.

  • Chicago

    Chai, Cameron. "Solar Trust of America Forms Joint Venture with SolarHybrid to Form SolarHybrid of America". AZoCleantech. https://www.azocleantech.com/news.aspx?newsID=14971. (accessed July 12, 2024).

  • Harvard

    Chai, Cameron. 2019. Solar Trust of America Forms Joint Venture with SolarHybrid to Form SolarHybrid of America. AZoCleantech, viewed 12 July 2024, https://www.azocleantech.com/news.aspx?newsID=14971.

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
Your comment type
Submit

While we only use edited and approved content for Azthena answers, it may on occasions provide incorrect responses. Please confirm any data provided with the related suppliers or authors. We do not provide medical advice, if you search for medical information you must always consult a medical professional before acting on any information provided.

Your questions, but not your email details will be shared with OpenAI and retained for 30 days in accordance with their privacy principles.

Please do not ask questions that use sensitive or confidential information.

Read the full Terms & Conditions.