Friday, 19 December 2014
Last updated 8 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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.