PHOENIX (AP) — An Arizona power provider is teaming up with a two companies to build a solar-power plant west of Phoenix that could help it surpass a state-imposed alternative-energy requirement.
The $1.5 billion plant, in combination with other Arizona Public Service Co. projects, would give the power company double the 4.5 percent of electricity from renewable sources that it's required to produce by 2014, APS said Thursday. The plant is expected to be operating by 2013.
The plant will be built and run by Bethesda, Md.-based defense firm Lockheed Martin Corp. It will be financed and owned by Starwood Energy Group of Greenwich, Conn.
The plant will occupy about three square miles of farmland in the Harquahala Valley 75 miles west of the Phoenix city limits.