Solar Millennium AG: Solar Millennium LCC Takes New Name
Solar Trust of America, the integrated solar industrial solutions company currently developing the 1,000 MW Blythe Solar Power Project among other projects, today announced a new corporate naming convention and structure. The change, effectively immediately, affects its wholly-owned development company, Solar Millennium, LLC and all subsidiaries, which will now operate under the "STA" brand family.
"Our new naming convention change comes at a time when Solar Trust of America continues to grow and define itself as a uniquely American solar company," said Uwe T. Schmidt, Chairman and CEO of Solar Trust of America.
The Solar Trust of America (STA) family of brands will be comprised of:
Solar Trust of America Holding Company with headquarters based in Cleveland, OH
STA Development Project Development. Formerly Solar Millennium LLC, based in Oakland, CA
STA Operations Operations and Maintenance of all Solar Trust of America solar facilities
STA Contracting Engineering, Procurement and Construction of Solar Trust of America solar facilities
STA Industries Logistics and Supply Chain Management
STA Ventures Investment management
STA Management Services Corporate Management and Human Resources
Today''s announcement comes on the heels of Solar Trust of America''s recent announcement of the groundbreaking of the Blythe Solar Power Project. The project received conditional commitment for a $2.1b Loan Guarantee from the U.S. Department of Energy in April.
NOTE: Solar Trust of America''s majority-owner, Solar Millennium AG (S2M:GY) of Erlangen, Germany, was not affected by today''s name change.
About Solar Trust of America, LLC
Solar Trust of America, LLC is an integrated solar industrial solutions company strategically positioned to support the critical need for renewable energy generation in the United States. The company''s Project Development, Engineering, Procurement and Construction (EPC), financial resources and operational management expertise ensures the delivery of a fully-integrated solar power solution using commercially viable and proven technologies.
For more information about the company visit www.SolarTrustOfAmerica.com.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In particular, statements regarding Solar Trust of America, LLC, its shareholders and subsidiaries (collectively referred to as the "Company"), related to plans, estimates, assumptions, expectations or projections about the future other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding the design, construction, capacity or operation of the planned Blythe solar power project, other planned solar power plants, expected actions of the U.S. Department of Energy or other regulatory authorities, as well as statements about the Company''s financing, strategies, objectives, goals, targets, outlook, technologies, and business and financial prospects. These statements are subject to a variety of risks and uncertainties that could cause actual results to differ materially from current expectations, including, but not limited to, those set forth in this press release. These forward-looking statements should not be relied upon as representing the Company''s views as of any subsequent date, and the Company is under no obligation to, and expressly disclaims any responsibility to, update or alter its forward-looking statements, whether as a result of new information, future events or otherwise. Information set forth in this press release pertaining to third parties has not been independently verified by the Company and is based solely on publicly available information or on information provided to the Company by such third parties for inclusion in this press release.
Solar Trust of America
Senior Communications Manager