Cubico refinances 50 MW concentrated solar power plant in Spain

Cubico Sustainable Investments said today it has achieved financial close on the refinancing of a 50-MW concentrated solar power (CSP) plant in Spain. The renewables investor, which is backed by Ontario Teachers’ Pension Plan and PSP Investments, said that this is its second green loan after earlier refinancing a 99-MW wind portfolio in Italy. Cubico …

Aalborg CSP acquires unique Pit Thermal Energy Storage (PTES) technology

Danish renewable and energy storage specialist, Aalborg CSP acquires all rights and patents for unique Pit Thermal Energy Storage (PTES) technology from Arcon-Sunmark A/S. A Pit Thermal Energy Storage (PTES) is basically a water reservoir used for storing thermal energy. The reservoir is lined with a plastic lining and covered with an isolating lid. Besides …

Molten salt receiver installed at Mohammed bin Rashid Solar Concentrated Solar Power plant

The Mohammed bin Rashid Al Maktoum Solar Park on Wednesday witnessed the installation of the Molten Salt Receiver (MSR) on top of the world’s tallest solar power tower at 262.44 metres. Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Supreme Council of Energy, accompanied by Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity …