19 Jan 2012
(MENAFN) Torresol Energy’s president, Enrique Sendagorta, said that in the short-term, the firm, a joint venture between Spain’s Sener and Abu Dhabi’s Masdar, would spend around USD5 billion to construct concentrated solar power plants (CSP), reported Emirates 24/7.
Sendagorta added that the plants would be established in Spain, the US and the Middle East, with a possibility to build one in Abu Dhabi, adding that the firm was in the stage of developing a pipeline of projects in these regions.
He also said that over the coming three years, the company would add around 6,000 megawatts (MW) of capacity; on the other hand, he said that in spite of tough market conditions, Torresol was optimistic of securing funding for the planned projects.
It is worth noting that Torresol Energy is a 60/40 joint venture between Sener and Abu Dhabi government owned green energy firm Masdar.
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