Endesa, Faconauto Enter Solar Energy JV to Invest Up to Euro 20 M

Madrid, Spain [Thomson Financial] Endesa SA and the Spanish Federation for Automobile Concessionaries (Faconauto) have signed an agreement to install solar panels at the Federation’s plants through an investment of up to 20 mln eur. In a statement, Endesa (nyse: ELE – news – people) said the panels will cover an area of around 500,000 square metres and generate some 50.5 gigawatt/hour a year.
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