Cubico buys 100 MW of Spanish CSP plants

CSP park. Author: Shayan (USA). License: Creative Commons, Attribution 2.0 Generic.

July 27 (Renewables Now) - London-based renewable energy investor Cubico Sustainable Investments announced today that it has acquired 99.8 MW of concentrating solar power (CSP) plants in Spain.

The solar portfolio is comprised of two CSP plants located in the region of Granada. The Andasol 1 and 2 plants' combined output, since the start of operations back in 2008 and 2009, surpasses 2 TWh, equivalent to the annual consumption of more than 600,000 local homes, Cubico said.

The vendors are two international funds, Antin Infrastructure Partners and Deutsche Asset Management’s infrastructure investment business, and Spanish construction company Cobra Sistemas y Redes.

Both facilities use parabolic trough thermosolar technology with 7.5 hours of thermal salt storage that enables power generation through the night. Together, they have offset approximately 1,350,000 tonnes of carbon dioxide (CO2) emissions, Cubico noted.

"We remain keen to invest further in Europe and continue to look for other opportunities," said David Swindin, Head of EMEA at Cubico.

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