Grupo Ibereolica and Inveravante Start Construction on Two 50-MW CSP Plants

Grupo Ibereolica has signed an agreement with Inveravante for the construction and operation of two CSP solar thermal power plants in Seville and Badajoz, Spain. Construction on the facilities will begin immediately. The two facilities employ parabolic through technology and will each have an installed capacity of 50 megawatts each.

The plants, which represent a total investment of close to €600 million could also be upgraded with salt storage and biomass hybridisation technology, which would increase production from the facilities during the night. The two facilities will also provide create jobs, including 1,000 during construction, and 50 once the plants are operational.

Grupo Ibereolica, based in Madrid, Spain currently has a renewable energy portfolio that includes a number of mini-hydroelectric dams, almost 200 MW of working wind farms, and a short-term 1,000 MW pipeline of solar thermal and wind projects which the company said that it plans to start constructing during 2009 and 2010. Inveravante for its part said that it plans to invest €1.2 billion in renewable energy projects through 2011.

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