Hyundai Heavy wins record solar power contract

By Chris Sleight12 August 2010

Hyundai Heavy Industries (HHI) has won the US$ 700 million contract to build the world's largest solar energy plant. The 175 MW facility will be split across two sites in Arizona, US.

The Engineering, procurement and construction (EPC) contract was awarded by US-based energy company Matinee Energy. It will see a 150 MW plant built near the Arizona town of Dragoon, with another 25 MW facility near Cochise. The deal is part of a larger scheme by matinee Energy to install solar plants with a total capacity of 900 MW across the California and Arizona regions.

The contract was signed in New York in the presence of HHI CEO Lee Jae-sung and COO Kim Kwon-tae. Under the agreement Hyundai will design, manufacture, install and test the entire system before handing it over to Matinee. The solar cells will be manufactured at HHI's plant in Eumseong, South Korea.

Commenting on the deal, Mr Kim said, "By successfully completing this project HHI will be recognised as an integrated solar power system provider which can not only make certain components but build large scale solar power plants."

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