Sunstroom To Build 50-MW Solar Thermal Plant

Sunstroom Energy Investments has confirmed that it is planning to build a 50-megawatt (MW) solar thermal electricity plant in Saucedilla, Cáceres, in the Extremadura province of Spain. The company aims to raise over €300 million [US $428.8 million] to fund the project.

The Extremadura solar thermal park will cover a surface area of 271 hectares. Called Thermostroom 1, the project will will use parabolic trough CSP technology. Thermostroom 1 has full support from local municipalities and mayors. This political support already has helped Sunstroom to secure a lease on the site, along with outline planning, environmental and operational permits.

Construction of Thermostroom 1 is expected to take 24 months and, once fully operational, it will generate a projected annual revenue of approximately €36 million. The tariff paid by Sunstroom’s utility partners for the project’s renewable electricity output is guaranteed by Spanish law at €0.2784 per kWh during the first 25 years of the installation, and then at 75% of this level for the rest of the project life (approximately 40 years).

Authors

Previous articleWhere’s solar PV supply going? Nowhere, until 2012
Next articleJapan firm shifts from housing fasteners to PV modules

No posts to display