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Friday, 22 November 2024

thermal

Acciona will take over Solargenix

According to Associated Press, Acciona Energía will buy 55% of Solargenix, one of the America's main promoters of big solar electric thermal plants. The move, confirmed to AP by Mr Gilbert Cohen, Solargenix Vice-President, would leave the Spanish company amongst the world leaders in the industry. Currently, Solargenix is building the world's third largest solar electric thermal plant -and the biggest one in the last decade- in Nevada (US). It is a 64-megawatt plant called Solar Plant, using parabolic trough technology.

354 MW of this technology are operative in California's Mojave desert since 20 years ago. Nevada Solar One is located in Boulder (Nevada) and its production will power around 40,000 people.

"We have decided to enter the electric thermal solar industry, not only for its growth potential but also for the experience gained by the Solargenix team, together with its advanced technologies", said Mr José Manuel Entrecanales, Acciona's President. The agreement between both companies will be signed the 11th of February and will include Acciona's acquisition of 95% of Nevada Solar One, according to AP.

Acciona's decision is part of the purchase (or purchase attempt) fever started by international renewable energy companies. During the last two weeks, Acciona has bought Corporación Eólica (CESA) and its 500 MW of capacity installed in Spain and Italy. In the late 2005, the company also bid (unsuccessfully) for wind promoters Hidropacific (from Australia) and Desarrollos Eólicos (DESA, from Seville in Spain).

For further information:
www.acciona.es
www.solargenix.com
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