Solar Trust of America targets southwestern U.S. for utility-size solar plants

Berkeley, Calif., August 17, 2009 – Solar Trust of America, a newly formed integrated industrial solar solutions company, entered into contractual arrangements with its business partners Solar Millennium and MAN Ferrostaal to provide the U.S. market with a complete turnkey solution in connection with the development, construction and financing of large-scale concentrated solar power (CSP) plants in the southwestern region of the United States.

The services offered by Solar Trust of America include project development; plant layout design; engineering, procurement and construction; supply chain management; plant operations and management; ready access to large-scale project financing; and equity participation.

Solar Trust of America also announced that it has entered into an agreement to use Solar Millennium AG’s Flagsol parabolic trough technology in North America.

The company’s business partners include Solar Millennium AG, an international project and technology developer and supplier of parabolic trough collector technology used in powering solar thermal power plants; and MAN Ferrostaal Incorporated, a U.S. subsidiary of MAN Ferrostaal AG, a worldwide provider of industrial services and plant construction and engineering.

As part of the launch of its business, Solar Trust announced that Solar Millennium, LLC, of Berkeley, California, a developer of solar thermal power plant technology, has joined the Solar Trust family as a unit and will serve as the company’s solar thermal power plant development arm. Solar Millennium and MAN Ferrostaal are both contributing assets and technical expertise to Solar Trust of America and will be shareholders in the new company.

The company currently has multiple solar thermal power plants in advanced stages of development in the southwestern region of the U.S. Each plant, if constructed, will feature solar thermal power plants generating about 250 MW of electricity each, or enough energy from each plant to power 80,000 homes for a year.

Solar Trust embraces U.S. federal and state government policies and initiatives to provide significant infrastructure investments, job creation and supplier opportunities in renewable energy through such programs as the American Recovery and Reinvestment Act of 2009 and the U.S. Department of Energy’s Loan Guarantee Program for renewable energy projects.

The solar thermal energy technology employed by Solar Trust of America has been used for more than a quarter century. Today, there are dozens of solar thermal power plants in development, under construction or in operation worldwide using similar technology. A solar thermal power plant features large-scale, line-focusing parabolic trough collectors arranged in long rows of “farm-like” arrays that concentrate, capture and transfer the sun’s heat energy and feeds that energy into a steam-driven turbine that generates electricity.

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