Funding for 50 MW Guzmán CSP plant closed

Total cost for the project is € 272 million. The plant near the City Palma del Río in Córdoba, Spain, is expected to start operation in December 2012. Palma del Río is among the top ten cities in Europe in terms of solar irradiation. The region also offers water and gas supply, as well as suitable power offtake structures.

Mitsui, which owns 30 % of the plant, is the second Japanese company that is investing on a great scale in solar thermal power plants. In fall 2010 Japanese JGC announced a cooperation with Abengoa Solar for two 50 MW plants in Spain. For FCC Energía, Guzmán is the second CSP project, it owns the remaining 70 %. The loan, which is granted by the Japanese bank Mizuho and Spain’s BBVA, is backed by an insurance from the export credit agency Nippon Export and Investment Insurance (NEXI).

Related News:
Abengoa Solar partners with JGC Corporation

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