Torresol, a strategic alliance between Sener, the Spanish Engineering Group, and the Masdar Initiative in Abu Dhabi, has announced a €171 million [US $221.4 million] financing deal. Construction will now be able to go ahead on the Gemasolar plant, in Fuentes de Andalucia, just to the East of Seville, Spain. The funding has been secured though an open market, with Banco Popular, Banesto and the Instituto de Crédito Official as the lead arrangers.
17-MW Terresol Solar Thermal Power Tower Gets Private Funding
2009-01-20 by renewenergy