Spain

Cubico acquires 100 MW of concentrated solar power (CSP) in Spain

Cubico Sustainable Investments (Cubico) has completed the acquisition of the remaining minority shareholding of Grupo T-Solar from MEAG. The deal makes Cubico the sole owner of the entire Grupo T-Solar platform, which comprises 274MW of operational assets and a significant development pipeline across Spain and Italy. The platform’s 47 operational [...]

PwC Report Claims Concentrated Solar Power is Best for Nighttime Electricity Generation in Spain

Spanish solar thermal companies are present in more than three-quarters of the world’s projects, becoming a successful case of technology export in the category. In addition to new plants awarded by auctions to comply with the PNIEC (National Plan for Energy and Climate), there are possibilities to expand existing plants [...]

Macquarie closes €90 million debt investment in Spanish concentrated solar power portfolio

Macquarie Asset Management has today announced a €90 million debt investment in a portfolio of concentrated solar power (CSP) plants in southern Spain. The 120 MW capacity portfolio is comprised of the 20 MW Gemasolar tower plant, the world’s first solar plant to achieve 24-hour operations, and two 50 MW [...]

Cubico closes green refinancing of 100 MW of Concentrated Solar Power plants in Spain

Cubico Sustainable Investments (Cubico) has achieved financial close on the refinancing of the Moron and Olivenza concentrated solar power (CSP) projects in Sevilla and Badajoz, Spain. The refinancing of the projects, which were acquired in March this year as part of the Grupo T-Solar portfolio and have a capacity of [...]

2021-05-26T20:15:10+00:0026-05-2021|Categorías: BREAKING NEWS, NEWS, Sin categoría, Top News|Etiquetas: , , , |

Q-Energy refinances 120 MW Spanish concentrated solar power portfolio for EUR732m

Q-Energy, a global platform investing in renewable energy, has closed a non-recourse debt refinancing of three concentrated solar power plants in Spain, with a total installed capacity of 120 MW, for a total amount of EUR732 million. Located in Andalusia, the three solar thermal plants have been operating since 2011 [...]

KNK Energy joins the PROTERMOSOLAR Association

Concentrated Solar Power technology plans to add up to 5 gigawatts (GW) in the next decade through the capacity auctions of the Government of Spain, which would add to the 2.3 GW already existing. Its thermal storage can offer high value services to the system in addition to the [...]

Concentrated solar power responsible for 1,4% of the electricity generated in April in Spain

46.2% of the monthly generation was of renewable origin between wind energy, hydroelectric, concentrated solar power and photovoltaic, and 68.1% was produced from technologies that do not emit equivalent CO2. Wind energy, responsible for 20.8% of the electricity produced in April, has increased its production by 12.3% compared to the [...]

2021-05-05T18:38:08+00:0005-05-2021|Categorías: BREAKING NEWS, NEWS, Sin categoría, Top News|Etiquetas: , , |

Cubico makes 100 MW concentrated solar power acquisition

Cubico Sustainable Investments has completed the acquisition of Grupo T-Solar, a 274MW solar platform with assets across Spain and Italy, from I Squared Capital. Cubico has also acquired the minority shareholding of KKR in Grupo T-Solar’s Spanish photovoltaic assets. The integration of the platform, which has a total enterprise value [...]

Spanish government approves energy storage strategy

The Spanish government on Tuesday approved the energy storage strategy, targeting some 20 GW of storage capacity in 2030 and reaching 30 GW by 2050 from today’s 8.3 GW. Storage that is currently available in Spain comes mainly from pumped hydro and concentrated solar power (CSP) plants, to which the [...]

European Solar Thermal Electricity Association, ESTELA, welcomes the long-awaited auction for renewable energy for the period of 2020-2025 in Spain

As expected, the total volume of 3 GW to be awarded in this first auction in Spain is split into 1 GW of wind power and 2 GW of photovoltaic (PV). As this very first auction is a non-specific tender, neither storage, manageability of delivery with a specific quota reserved [...]

Cubico refinances 100 MW of Spanish concentrated solar power

Renewables investor Cubico has achieved financial close on the refinancing of the Spanish Andasol 1 and Andasol 2 concentrated solar power (CSP) projects, totalling 100MW. The refinancing of the 50MW projects, both located in Granada, was completed with two green loans. The green loans comply with the Green Loan [...]

Cubico expands Spanish Concentrated Solar Power portfolio to 250 MW

Cubico Sustainable Investments has agreed to buy 100 MW of Spanish CSP power capacity and 174 MW of PV capacity from Grupo T-Solar, the company announced in a statement. Cubico will acquire the 50 MW Moron and Olivenza CSP plants, expanding its Spanish CSP portfolio to 250 MW.  The fund bought [...]

2021-01-13T19:45:23+00:0013-01-2021|Categorías: BREAKING NEWS, NEWS, Sin categoría, Top News|Etiquetas: , , , |

DNV GL advises T-Solar Global Operating Assets to enable 1.4GW solar energy sale in Spain and Italy

DNV GL, the world's largest resource of independent energy experts and certification body, carried out a vendor due diligence for T-Solar Global Operating Assets that was key for the company sale transaction. The review of the company’s operational and pipeline portfolio included sixty-nine assets and was prepared for potential [...]