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.
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