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Concentrated Solar Power technology plans to add up to 5 gigawatts (GW) in the next decade through the capacity auctions of the Government of Spain, which would add to the 2.3 GW already existing. Its thermal storage can offer high value services to the system in addition to the shift of generation to night hours. …
Continue reading “KNK Energy joins the PROTERMOSOLAR Association”
46.2% of the monthly generation was of renewable origin between wind energy, hydroelectric, concentrated solar power and photovoltaic, and 68.1% was produced from technologies that do not emit equivalent CO2. Wind energy, responsible for 20.8% of the electricity produced in April, has increased its production by 12.3% compared to the same month in 2020. The …
Cubico Sustainable Investments has completed the acquisition of Grupo T-Solar, a 274MW solar platform with assets across Spain and Italy, from I Squared Capital. Cubico has also acquired the minority shareholding of KKR in Grupo T-Solar’s Spanish photovoltaic assets. The integration of the platform, which has a total enterprise value of approximately €1.5bn into Cubico’s …
Continue reading “Cubico makes 100 MW concentrated solar power acquisition”
The Spanish government on Tuesday approved the energy storage strategy, targeting some 20 GW of storage capacity in 2030 and reaching 30 GW by 2050 from today’s 8.3 GW. Storage that is currently available in Spain comes mainly from pumped hydro and concentrated solar power (CSP) plants, to which the government wants to add large-scale …
Continue reading “Spanish government approves energy storage strategy”
As expected, the total volume of 3 GW to be awarded in this first auction in Spain is split into 1 GW of wind power and 2 GW of photovoltaic (PV). As this very first auction is a non-specific tender, neither storage, manageability of delivery with a specific quota reserved for Concentrated Solar Power were …
Renewables investor Cubico has achieved financial close on the refinancing of the Spanish Andasol 1 and Andasol 2 concentrated solar power (CSP) projects, totalling 100MW. The refinancing of the 50MW projects, both located in Granada, was completed with two green loans. The green loans comply with the Green Loan Principles and are the third and …
Continue reading “Cubico refinances 100 MW of Spanish concentrated solart power”
Cubico Sustainable Investments has agreed to buy 100 MW of Spanish CSP power capacity and 174 MW of PV capacity from Grupo T-Solar, the company announced in a statement. Cubico will acquire the 50 MW Moron and Olivenza CSP plants, expanding its Spanish CSP portfolio to 250 MW. The fund bought the 50 MW Arenales plant …
Continue reading “Cubico expands Spanish Concentrated Solar Power portfolio to 250 MW”
DNV GL, the world’s largest resource of independent energy experts and certification body, carried out a vendor due diligence for T-Solar Global Operating Assets that was key for the company sale transaction. The review of the company’s operational and pipeline portfolio included sixty-nine assets and was prepared for potential investors. The whole scope took more …
Cubico has agreed to acquire a 274MW solar platform with operational assets in Spain and Italy from I Squared Capital. The Grupo TSolar platform comprises 47 operational assets that spans 167 MW of solar photovoltaic capacity and 100 MW of concentrated solar power across Spain, as well as 7MW of solar PV in Italy. The …
Spanish pulp producer and renewable energy group Ence Energia y Celulosa has agreed to sell its 90% stake in the 50-MW Termollano concentrated solar power (CSP) plant to Madrid-based investment fund manager Q-Energy. The parties agreed on a price of EUR 168 million (USD 199.5m) for the stake in Ence Energia Termollano, including EUR 81.5 …