SECP partners with POSCO Power to build world's largest solar power plant

DIAMOND BAR, USA: Sustainable Energy Capital Partners (SECP), a California-based developer of renewable energy projects, announced a joint venture partnership with POSCO Power to develop and build a 300-megawatt (MW) photovoltaic solar power plant in Boulder City, Nevada.

The Boulder City power plant adds to SECP's growing portfolio of more than 400MW of solar projects in the Southwestern United States. For POSCO Power, the largest independent power producer in South Korea, this opportunity represents the first overseas renewable energy project developed without the involvement of their parent company, POSCO.

“This project is the world’s largest solar PV power plant and it meets the POSCO Group’s actively promoted green energy strategy. It will be the foundation of our entry into the US and other overseas markets for new and renewable energy,” said Soung-Sik Cho, president and CEO of POSCO Power.

Parsons Corp., one of the world’s largest engineering, construction, technical, and management services firms, has been engaged to participate in the project.

Construction is scheduled to take place during the second half of 2012 and is expected to create hundreds of jobs for the local community. Once the solar power plant is fully operational, it will have the capacity to provide electricity to nearly 135,000 households for 25 years.

"Our partnership with POSCO Power will become an example of what’s possible in today’s solar industry when global companies work together to implement a shared vision. We, at SECP, are certainly pleased to be bringing much-needed jobs to Nevada while advancing our mission of providing power that is both clean and sustainable,” said Steve Herr, MD of SECP.