Abengoa Solar and E.ON complete 50% of their first 50 MW concentrating solar power

Over 200 people are already working on the construction of the two cutting edge CSP plants, both of which are on schedule. The Helioenergy 1 and 2 concentrating solar power plants, each boasting 50 megawatts of power and employing parabolic trough technology, are due to enter service at the end of 2011 and the beginning of 2012, respectively.

Once they go into operation, the two solar thermal plants will generate enough solar energy to meet the electricity needs of 52,000 households, and avoiding the emission of around 63,000 tons of CO2.

The partners recently completed financing for the projects2. Santiago Seage, Abengoa Solar’s CEO, said "obtaining financial backing from twelve top financial entities constitutes a success and underscores the confidence of the financial sector in quality projects".

In turn, Frank Mastiaux, CEO of E.ON Climate & Renewables, emphasized that "the great progress in our construction schedule indicates that E.ON and Abengoa Solar’s partnership is en route to deliver first class power plants. This partnership is an important step in making solar the second pillar of E.ON’s Renewables growth strategy".

Miguel Antoñanzas, President of E.ON España, said "these projects consolidate the fast transformation of our generation park in Spain to a diversified and environmentally friendly mix of more than 4,500 MW in the Iberian Peninsula".

Both companies are founding members of the Desertec Industrial Initiative for the development of projects involving renewable energy in the desert regions of the Middle East and Northern Africa.

Abengoa Solar focuses its activity on the development and application of technology for generating electrical power with the sun. Abengoa Solar has 350 megawatts in solar projects under construction, in addition to 193 solar thermal megawatts in operation.

Abengoa is a technology company that applies innovative solutions for sustainability in the infrastructure, environmental, and energy sectors. Abengoa Solar is listed on the Spanish Stock Exchange and is present in more than seventy countries, where the company operates through its five Business Units: Solar, Bioenergy, Environmental Services, Information Technologies, and Industrial Engineering and Construction.

E.ON is one of the world’s largest electricity and gas groups. With annual revenues totaling more than 82 billion euros and a headcount of 88,200 employees, it is today one of the world’s major privately owned gas and electricity companies and a leading purchaser of carbon credits. E.ON Climate & Renewables, headquartered in Dusseldorf (Germany), is in charge of global E.ON Group activities involving renewables and climate protection.

E.ON Climate & Renewables, headquartered in Düsseldorf, Germany, is the E.ON Group company responsible for global initiatives associated with renewables and climate protection. 

Parabolic trough technology operation is based on solar tracking and concentration of sunrays onto receiving pipes with a high degree of thermal efficiency that are placed along the cylinder focal line. Inside these pipes a heat-transmitting fluid is heated to approximately 400ºC (752ºF) by means of the concentrated sunrays.

This fluid is pumped through a series of heat exchangers to produce superheated steam. The heat present in this steam is turned into electrical energy inside a conventional steam turbine. Further information is available at: www.abengoasolar.com.

Abengoa Solar and E. ON Climate & Renewables have completed financing of Helioenergy Energy 1& 2 for a total of 310 million euros. This transaction involved the participation of twelve financial entities: Banco Popular, Banco Santander, Banesto, Bankinter, Barclays, Caja Madrid, Cajasol, Crédite Agricole Corporate and Investment Bank (CA-CIB), La Caixa, SMBC, Societé Générale, and Unicaja.