Stadtwerke Munchen and RWE Innogy have invested in Andasol 3, a solar thermal power plant located in the south of Spain, in conjunction with MAN Ferrostaal, RheinEnergie and Solar Millennium.Â
The power plant was developed by Erlangen, Germany-based Solar Millennium AG. Stadtwerke MÃ¼nchen has a 48.9% share in the project company, Marquesado Solar SL. RWE Innogy and RheinEnergie jointly hold 25.1% of the shares in this project via an investment holding company.
The remaining 26% of the project company continues to be owned by an investment holding company of MAN Ferrostaal and Solar Millennium. Construction of the power plant has already commenced. The solar plant is expected to start operation in 2011, with an output of approximately 50 MW, and will be jointly operated by the project partners.
SOURCE: Solar Millennium AG