- Press Releases
September 17 (Renewables Now) - Spanish fund manager Q-Energy has acquired a 120-MW concentrated solar power (CSP) portfolio from compatriot SENER and UAE's Masdar, the local media reported on Wednesday.
Through its Q-Energy IV fund, the firm bought Torresol Energy Investments, owner of three CSP assets located in the provinces of Seville and Cadiz. Together, these plants are capable of generating enough power to meet the demand of 100,000 local homes.
The solar portfolio consists of the 20-MW Gemasolar plant -- the world’s first of its kind to use a central tower receiver -- and the Valle 1 and 2 parks, each with 50 MW of capacity. All the plants have thermal storage systems.
In addition to Torresol Energy, Q-Energy also acquired Torresol OM, the company in charge of operating the three plants.
With this transaction, Q-Energy now manages more than 1 GW of solar photovoltaic (PV) power, 170 MW of CSP and 130 MW of wind power based in Spain, Germany and Italy.