Thursday, 2 April 2015
Last updated 10 hours ago
Nov 21 2009 | 3:23pm ET
The European Investment Bank (EIB) will lend EUR 80 million ($119 million) to Gemasolar 2006 SAU for the construction and commissioning of a 17MW concentrated solar power (CSP) plant in Seville, Spain.
The plant – to consist of a central tower receiver and heliostat field – features an innovative molten salt heat storage system. Project developers say the storage system will allow independent power generation for up to 15 hours with no solar input while increasing energy efficiency by enabling electricity production for some 6,600 hours a year.
Gemasolar is the flagship project of Torresol Energy Investment SA, owned 60% by the Spanish engineering group SENER and 40% by Masdar, the government of Abu Dhabi's renewable energies development company.
The Gemasolar plant is expected to supply clean and secure energy to 25,000 households, reduce CO2 emissions by more than 30,000 tons a year and create around 1,000 direct jobs during the construction phase.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…