thermal

Solel closes deal with Ibereolica for 190,000 Solar Receivers

Solel Solar Systems, Ltd. announced today its largest single sale of solar receiver technology – a contract to supply Ibereólica Solar, S.L of Madrid, a leading Spanish parabolic trough solar thermal plant developer, with more than 190,000 UVAC 2008 receiver systems.

The receivers will power eight 50MW solar power plants Ibereolica is developing in southern Spain. Delivery of the receivers to Ibereolica will commence in 2009.

 

This is Solel's second large contract for solar receivers this month, with a combined contract value of over $250 million. Two weeks ago, Solel announced a contract with a Spanish consortium, whose name was not released, for approximately 70,000 receivers. Solel also recently announced its plans to construct in Andalusia a manufacturing facility for solar field components.

 

The UVAC 2008 provides solar power plant developers, such as Ibereolica, the most advanced commercially tested technology for capturing sunlight and converting it to heat for clean power generation. Ibereolica's plants will include thermal heat storage so the heat from the solar receivers can be converted to electricity during evening hours.

 

"We are extremely proud of this very significant deal with Ibereolica, one of Spain's elite developers of clean energy," said Avi Brenmiller, President and CEO of Solel Solar Systems. "A growing number of renewable energy providers, in Spain and around the world, are choosing Solel's solar thermal technology because it is the best way to create maximum power from available sunshine."

 

For additional information:

www.solel.com


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