December 27 (SeeNews) - Spanish group Abengoa SA (BME:ABG) said Friday it has received “Provisional Acceptance Certificate” for the 50-MW Khi Solar One concentrating solar power (CSP) plant in South Africa.
Thus the park, operational since February, is officially handed over to its owner Khi Solar One Pty Ltd. Abengoa holds a 51% stake in that company, while Industrial Development Corporation (IDC) and Khi Community Trust have 29% and 20%, respectively.
Khi Solar One, a solar thermal tower plant, has two hours of storage capacity and it can operate commercially for up to 24 consecutive hours, as demonstrated early in 2016. Abengoa was in charge of the development and construction and it will also take on the operation and maintenance of the solar park. The output is sold to grid operator Eskom under a 20-year power purchase agreement (PPA).
Abengoa and IDC also partner in two parabolic trough CSP projects in South Africa -- the 100-MW Xina Solar One project and the 100-MW KaXu Solar One park.