Abengoa Solar Obtains Financing For Large Spain Projects


Abengoa Solar has completed the financing of its new Solnova 4 concentrating solar power plant and three new PV plants, worth more than EUR 210 million and EUR 70 million, respectively.

The institutions involved in the financing are Banesto, Caja Madrid, Calyon, Dexia Sabadell, ING, Kfw, Ladesbank, Natixis, Santander, Societe Generale and Ubibanca for the construction and start-up of Solnova 4, and La Caixa, Sumitomo and West LB for the photovoltaic plants.

The Solnova 4 plant, on which construction will begin in September at the Solucar platform in Sanlucar la Mayor (Seville), will have 50 MW of power output capacity and will use the same parabolic trough technology as the Solnova 1 and Solnova 3 plants, which are already under construction.

The three photovoltaic facilities are located in the towns of Sanlucar la Mayor (Seville), las Cabezas de San Juan (Seville) and Linares (Jaen), and will use photovoltaic tracking technology.

SOURCE: Abengoa

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