Spanish Government Selects SolarReserve’s Solar Thermal Project in Competitive Tender

Termosolar Alcazar, a 50/50 joint venture between SolarReserve, a U.S. developer of utility-scale Concentrating Solar Power projects and Preneal, a Spanish developer of renewable energy projects, announced the Spanish government’s award of tender for the venture’s 50 megawatt (MW) solar thermal plant to be built in Alcazar de San Juan.

The Termosolar Alcazar Concentrating Solar Power Project will contribute to Spain’s renewable energy generation through new highly innovative, fully dispatchable molten salt concentrated solar energy tower technology.

The concentrated solar energy project will utilize SolarReserve’s utility scale molten salt solar power tower technology developed by Pratt & Whitney Rocketdyne, a subsidiary of United Technologies, which features integrated energy storage to deploy electricity on-demand, day or night, providing the same operating stability, reliability and dispatchability of a conventional power generator while utilizing dry cooling. The characteristics of the technology along with its capability to reduce the price of power were critical attributes in this tender process.

Established in 1996 in Madrid, Preneal S.A. is an independent shareholders company whose main purpose is to promote, construct and operate renewable energy projects all over the world. Preneal has participated in the development and construction of 13 wind farm plants in Spain, with a total of 440 MW installed capacity. The company is developing projects, with an added power of more than 670 MW in Spain and 1.200 MW in other countries. By 2015, the objective of the company is to be able to construct and operate more than 800 MW of solar thermal and wind power projects.

SolarReserve, LLC – headquartered in Santa Monica, Calif. – is a solar energy project development company developing large-scale solar energy projects worldwide. It holds the exclusive worldwide license to the molten salt solar power tower technology developed by Pratt & Whitney Rocketdyne, a subsidiary of United Technologies Corporation.