According to the same sources, different funds specialized in the renewable energy business have been interested in this process. The operation includes the transfer of 100% of Torresol Energy, which is owned 60% by Spanish engineering Sener and 40% by Masdar, a subsidiary of Mubadala (the Abu Dhabi sovereign fund, Cepsa’s main shareholder). Both companies formed this company in 2008 to promote the technological development, construction, operation and maintenance of large thermoelectric solar plants. elEconomista tried to contact Sener, but as of press time (the end of July), he was unable to do so.
Torresol Energy has three plants located in Andalusia: Gemasolar in Seville and Valle 1 and Valle 2 in Cádiz. These three facilities offer clean energy to more than 100,000 homes and manage to save more than 117,000 tons of CO2 emissions annually – about 650,000 tons in total, since the beginning of their operation.