February 5 (Renewables Now) - Cubico Sustainable Investments has added a 50-MW concentrated solar power (CSP) plant to its portfolio of Spanish renewables after acquiring the asset’s owner, Arenales Solar PS SL.
The London-based renewables investor said Wednesday it purchased the project company from Pan-European Infrastructure Fund, which is managed by Deutsche Bank’s asset manager DWS Group GmbH & Co. KgaA (ETR:DWS).
Located in the town of Moron de la Frontera near Seville, the Arenales plant has been in operation since 2008. The system uses parabolic trough solar thermal technology with seven hours of storage in molten salt.
Following the acquisition, Cubico’s portfolio in Spain and Portugal reaches 279 MW of capacity divided between eight assets employing solar photovoltaic, CSP and onshore wind technologies.