Andasol 3 solar thermal project attracts utility investors

10 July 2009 – The Andasol 3 concentrating solar power project, which is being developed by Solar Millennium AG in the south of Spain, has received a boost by attracting three new investors.

In this transaction, the holding company Solanda GmbH, a joint venture between Solar Millennium and MAN Ferrostaal AG, is selling 74 per cent of its shares in the Andasol 3 project company, Marquesado Solar SL, to three utilities.

Stadtwerke München is acquiring a stake of 48.9 per cent, with RWE Innogy and RheinEnergie acquiring 25.1 per cent, via a joint holding company (RWE Innogy: 51 per cent, RheinEnergie: 49 per cent).

The other 26 per cent remains in the hands of Solanda GmbH.

The Andasol projects are three 50 MW parabolic trough power plants in Andalusia, which were initiated and developed by Solar Millennium AG.

Andasol 1 and 2 were implemented together with a Spanish construction company and are now producing electricity. Andasol 3 is scheduled to be connected to the grid in 2011.

Andasol 3 represents the first project that Solar Millennium is also responsible for the construction of a power plant via its joint venture with MAN Ferrostaal, MAN Solar Millennium GmbH, and in cooperation with the Spanish company Duro Felguera SA.

Combined, the three Andasol power plants will be able to supply around half a million people with electricity.

Sponsored by FLSmidth

Related Articles

Cape Wind secures $400M more in financing for offshore project

Cape Wind said it has secured an additional $400 million dollars from several financial institutions for the offshore wind project slated to be built in Nantucket Sound.

Dragonfly Solar, SolarWorld to deliver solar power to utility co-ops

Commercial solar developer, Dragonfly Solar and SolarWorld, a solar manufacturer, will deliver solar arrays, totaling 517-kW to four electric utility cooperatives in the U.S. Midwest.

Follow Power Engineering on Twitter

Latest News

Wärtsilä to deliver natural gas engines to Montana-Dakota Utilities

Wärtsilä will supply a 19-MW Smart Power Generation power plant to Montana-Dakota Utilities (...

Clyde Bergemann to supply emissions control equipment to Polish cogeneration power plant

The Clyde Bergemann Power Group Europe has received at $10 million contract, from SBB Energy,...

India nuke deals still thorny for US despite 'breakthrough'

India and America's declaration of a breakthrough in contentious nuclear energy cooperation h...

W.Va. bill requires lawmakers to OK state carbon plan

A West Virginia Senate panel is considering requiring lawmakers to approve state plans to com...

US nuclear reactor shuts down during snowstorm

Officials say a Massachusetts nuclear power plant was forced to shut down during the blizzard...
Natural Ventilation

Power Engineering Photo of the Day

Solar energy supporters, utilities spar over legislation

Solar energy supporters are pushing back against a bill backed by Indiana's utilities that wo...
TEPCO Tokyo Electric Power Company water treatment radioactive contaminated Fukushima Daiichi nuclear power plant Nuclear Regulation Authority

TEPCO to miss radioactive water treatment deadline

Tokyo Electric Power Co. (TEPCO) said it would miss a self-imposed deadline to decontaminate ...

Power Engineering Current Issue

12/01/2014
Volume 118, Issue 12
1412pe-cover

Products Showcase

Dynamic Fluoride Ion cleaning DFIC of industrial natural gas turbines Hi-Tech Furnace Systems

Dynamic Fluoride Ion Cleaning of IGT Parts

The Dynamic Fluoride Ion Cleaning (DFIC) Process from Hi-Tech Furnace Systems is able to clean deep, narrow cracks of oxides by cycling between negative, atmospheric, and positive pressure.

Archived Articles

2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013

Power Industry Wire News

Walter Energy Suspends Dividend

Walter Energy Suspends Dividend

Synergy Resources Corporation Launches Common Stock Offering

Synergy Resources Corporation Launches Common Stock Offering

Surfrider Foundation Opposes Obama Administration Five-Year Plan to Open Offshore Drilling in the Atlantic and Arctic

Surfrider Foundation Opposes Obama Administration Five-Year Plan to Open Offshore Drill...

Veteran Backhaul Radio Engineer Jeff Rivard Joins LightPointe

Veteran Backhaul Radio Engineer Jeff Rivard Joins LightPointe

Abakan Appoints Stephen Goss as Chief Operating Officer

Abakan Appoints Stephen Goss as Chief Operating Officer

Power Engineering

Article Archives for Power Engineering Magazine

Continuing Education

Professional Development Hours

To access a course listing associated to a specific topic listed below, click on the topic of choice from the list below.

Latest Energy Jobs

View more Job Listings >>