Abengoa is a partner to build two temosolares japons in Logrosn
. A strategic alliances. The Seville company Abengoa plans to build in Logrosn the center to be the biggest solar power production in the world. To get started, has signed an agreement with Japanese company Itochu with the intention to exploit the first two of the list.
Boom right in the solar business, when there was talk of cutting premiums or imagined the arrival of, eve isk, the crisis, arrived to consider the possibility that the complex Solaben (which is how they call it) had 400 megawatts of installed capacity, spread in eight plants of 50 megawatts, which is the maximum individual allowing sharee'ah.
Yesterday, Abengoa made public that it has signed an alliance with the Japanese company Itochu Corporation to build the first two thermal, with a joint investment, global agenda credits, of more than 500 million euros.
Says in a note that Abengoa Solar, Abengoa group, operating both plants and maintain control of projects with a stake of 70%, while Itochu will match the remaining 30%. Both firms have closed on 16 December, the finance of about 340 million euros with four international banks, SMBC, HSBC, Mizuho and BTMU.
Account, in addition, with a guarantee, cheap power leveling for wow, on the prstamo provided by Nippon Export and Investment Insurance (NEXI), Japanese insurance company (ECA in its acronym in English).
As previously reported by this newspaper, the two plants already being built by Abener estn and Teyma, two companies of Abengoa, and plan to begin commercial exploitation phase in 2012,Bayern Mnich is displayed in Stuttgart, which is the limit set by the administrative authorization have.
Itochu is a Japanese multinational with interests in many fields, such as textiles, machinery, chemical industry or aeronautics. Also is present in the solar business.
With this agreement, Abengoa finds solution to one of the main problems with solar thermal project developers today, which is the search for FINANCE. Another option is the credit crisis affecting renewable energy.
Both plants will sell its production to the network regulacin acogindose to existing and, with the utilization of technology cilindroparablica, will benefit from the excellent solar radiation that Extremadura has to produce enough energy to supply 52,000 households, underlined Abengoa.
Its implementation will also avoid the emission into the atmosphere of about 63,000 tonnes of carbon per year dixido.
Abengoa currently has permission to build two plants in this same population, within the conglomerate also Solaben. Although there is an under construction, one should be operational in 2012 as the two estn s is built. As it marks the renewable registration from the Ministry of Industry, which lists plants that can access raw, and therefore profitable.
The fourth of the Abengoa thermal, Solaben 6, should be producing electricity twelve months later, at the beginning of the year 2013.
In addition to the partnership for these two projects in Extremadura, Abengoa Solar and Itochu signed an agreement to collaborate, not exclusive rge in the analysis and development of future projects located primarily in Europe and Asia markets.