Matinee Energy has signed a memorandum of understanding (MOU) and formed a strategic alliance with Hyundai Heavy Industries and LG Electronics. Matinee invited both companies to join as lead partners for a total of 240MW or US$1 billion in contracts in the initial phase and building solar energy power plants.
Michael Pannos, chairman of Matinee said, “Through the alliance, we can improve our competitiveness and overall contribution in the green energy markets. We are excited by the unprecedented synergy that is attainable by bringing together high quality solar solutions, world-class construction, financial strength, localized green energy solutions, and infrastructure-based services.”
The Industrial Company (T.I.C.), which is based in Colorado, as well as other construction and technology companies located in the U.S., will join in supporting this announcement, providing their individual services and resources.
Matinee is currently targeting utility scale solar energy plants in excess of 900MW primarily in the Southwest U.S.