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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