Abengoa Solar and E.ON partner to build solar power plant

26 November 2009

Abengoa Solar and E.ON Climate and Renewables have formed a partnership to jointly own and operate two 50MW concentrating solar power plants, which are currently under construction are located in Seville, Southern Spain.

The partnership is aimed at investing around €550m into the two plants which will start operation in 2011 and 2012, respectively.

E.ON’s participation is subject to the EU Commission approval under merger control, the company said.

Santiago Seage, CEO of Abengoa Solar, said, ‘Having E.ON on as a partner in these projects will allow us to continue growing at the speed we want and to improve our capabilities in areas where E.ON has extensive experience.’

Frank Mastiaux, CEO of E.ON Climate and Renewables, said, ‘Solar Power will be the next strong pillar in E.ON’s renewables portfolio. Our entry into concentrating solar power complements our recent moves into the photovoltaic business and we will now stand on two feet in solar in the future.’

The plants in Ecija will utilise parabolic trough technology, enhanced at the Solúcar Platform plants in Sanlúcar la Mayor, Seville.

Both companies are founding members of the Desertec Industrial Initiative to develop secure renewable energy production in the desert regions of the Middle East and Northern Africa.

E.ON Climate and Renewables recently signed a seven year operation and maintenance deal with US utility giant General Electric, covering the company’s 529 1.5MW GE wind turbines.

Abengoa Solar recently signed a power purchase agreement with Pacific Gas & Electric (PG&E) to supply the electricity generated by the new Mojave Solar plant.

Copyright © 2009 NewNet

Tags: solar

This story was published on Thursday, November 26th, 2009 at 1:42 pm and is filed under Europe, deals, solar. You can follow any responses to article entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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