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| FCC, Mitsui to develop solar thermal power in Spain  FCC Energía, the citizen services group's energy division, and Japanese multinational Mitsui & Co. Ltd. have partnered to develop solar thermal power in Spain. On Friday morning they laid the ground stone of their first joint project: the Guzmán solar thermal power plant in Palma del Río (Córdoba).The facility will have an installed capacity of 50MW and will cost 260 million euro. The partners aim to use project finance to fund the initiative. FCC Energía will maintain a 70% stake in the plant. Construction of the plant commenced in July and it is expected to become operational in December 2012. A consortium led by FCC Industrial is building the plant. The plant will benefit from its ideal location in Palma del Río. It is among the top European cities in terms of abundance of solar radiation, and has easy access to water and gas supply as well as adequate power offtake structures. The plant will produce enough energy to meet the electricity needs of 26,000 households and achieve emissions' reductions totalling approximately 30,000 tons of CO2 per year. write your comments about the article :: © 2010 Construction News :: home page |