13 November 2007 — Lockheed Martin and Starwood Energy Group Global, LLC (SEG) announced that they pursuing utility-scale solar generation projects in North America.
Under the agreement, Lockheed Martin will be primarily responsible for engineering, procurement, manufacturing and systems integration. SEG will be primarily responsible for arranging long-term power purchase agreements, site selection, permitting, and for providing construction and permanent debt and equity financing. SEG’s approach includes working with leading independent developers.
Lockheed Martin and Starwood estimate that up to 10,000 MW of solar power could come on line in the next 10 years.
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