Mitsubishi to join 200 MW CSP project in Spain

Japanese trading house Mitsubishi Corporation is to take part in a 200 MW concentrating solar power (CSP) generation project in Spain, making it the first Japanese company to own CSP plants under commercial operation.
According to the Wall Street Journal, the Tokyo-based company said it had acquired a 15 per cent stake in Acciona Termosolar from Acciona Energia, a group company of Acciona of Spain.
The project's total cost is around EUR1bn ($1.38bn) and is expected to generate about 450m kWh a year.
The Spanish company is world largest independent non-utility renewable energy developer and owner. It operates four CSP plants in southern Spain, three of which are already operating commercially. The remaining plant is slated to go onstream this autumn.
For more solar power news, click here

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...