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Testing begins on Advanced Parabolic Trough Solar Radiation Collector Technology

Cleveland, Ohio, and Berkeley, California. – Solar Trust of America, LLC, an integrated industrial solar solutions company, has announced that its wholly-owned subsidiary, Solar Millennium, LLC, has begun testing the advanced parabolic trough solar radiation collector technology called HelioTrough at an existing solar power plant in the southwestern United States. The testing is designed to [...]

Solar Energy Projects being Fast Tracked to Meet Federal Funding Deadline

With the December 2010 deadline for obtaining incentive funding under the American Recovery and Reinvestment Act only a year off, Bureau of Land Management (BLM) Director Bob Abbey today reaffirmed the agency’s commitment to helping the nation reach its “green energy future” by guaranteeing full environmental analysis and public review for the 31 renewable energy [...]

2km Square Parabolic Solar Thermal Project Will Proceed with New Investors

On 30 October 2009, Solar Millennium AG, Erlangen, sold Ibersol Electricidad Solar Ibérica S.L., the project company for the Ibersol parabolic trough power plant, to MAN Ferrostaal AG, Essen, and Ibersol Kraftwerks GmbH, Erlangen. The project, which was granted pre-registration on 11 November, will now be expedited with the help of the partners. The acquisition [...]

Citigroup and Deutsche Work to Secure $6 Billion for US Solar Thermal Plants

Via its US subsidiary Solar Trust of America, LLC, Solar Millennium AG, Erlangen, has engaged Citigroup and Deutsche Bank to provide advisory services to structure and secure financing for several planned solar thermal power plants across the southwestern US. Each power plant has an expected financing volume of more than one billion US dollar. Together [...]

Solar Millenium Restructures to Meet Growing Demand

Solar Millennium AG, Erlangen, has restructured in the US to react to the rapidly growing demand for solar thermal power generation. Moving forward, all activities in the US market will be consolidated into one new joint venture, Solar Trust of America, LLC (STA). Solar Millennium owns a total of 70 percent in this JV via [...]