General Electric Energy Financial Services, in partnership with German fund KGAL, will invest €111m in a parabolic trough concentrated solar power (CSP) plant in Badajoz, Spain.

The firms will utilise molten salt energy storage for the 50MW thermosolar plant, Extresol II developed by ACS, the Spain-based solar thermal power plants operator.

Additional financial terms of the project have not been disclosed.

Cobra, a subsidiary of ACS, has been appointed to provide operations and maintenance services for the plant.

The renewable electricity generated by the plant will meet the power needs of 37,900 homes in Spain and displaces 149,000t of carbon dioxide a year.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.