Abengoa Solar and E.ON Climate & Renewables have teamed up to operate two 50MW concentrating solar power plants, under construction in Southern Spain.
The plants will produce power to supply 52,000 homes and will avoid the emissions equivalent of 63,000t of CO2, E.ON said.
The plants will utilise parabolic trough technology that uses a parabolic mirror to gather sunlight and reflect it onto a single point, concentrating the solar power.
The partners will invest €550m in the plants and hold equal stakes in the venture.
Abengoa CEO Santiago Seage said having E.ON as a partner will allow Abengoa to continue growing at the speed it wants and to improve its capabilities in areas where E.ON has extensive experience.