APS, a unit of Pinnacle West Capital Corp. (PNW), announced it has been notified by Starwood Energy Group Global, LLC that it is terminating the long-term purchase power agreement the two companies signed in May 2009. The notification ends plans for Starwood Solar I, the 290-megawatt concentrating solar plant or CSP, which was to be located in the Harquahala Valley, 75 miles west of Phoenix.
Starwood Solar I was the second large-scale solar project announced by APS in the last 19 months. The first, Solana, continues to move forward. Financing for the 280-megawatt CSP plant is expected to be announced in the first half of 2010. Solana will be built 70 miles southwest of Phoenix, near Gila Bend, Arizona.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.