Sunstroom to build 50 MW solar thermal plant in Spain

EXTREMADURA, SPAIN - Sunstroom Energy Investments, a designer, builder and operator of renewable energy plants, announces that it is planning to build a 50 MW solar thermal electricity plant in Saucedilla, Cáceres, in the Extremadura province of Spain.

The Extremadura solar thermal park will cover a surface area of 271 hectares, and will be producing renewable electricity in one of the sunniest regions in the world. The park, called Thermostroom 1, will use concentrating solar power (CSP) technology in the form of parabolic mirrors. The stored heat, in the form of steam, drives a turbine to produce electricity. Sunstroom says it aims to raise over €300 million to fund the project.

Construction of Thermostroom 1 is expected to take 24 months and, once fully operational, it will generate a projected annual revenue of approximately €36 million.

Thermostroom 1 has full support from local municipalities and mayors, according to Sunstroom, which already has secured a lease on the site, along with outline planning, environmental and operational permits.

Iain Morrison, Managing Director of Sunstroom, says: “With our proven track record of developing solar plants in Spain and ongoing legislative incentives, we are confident that the Extremadura park will be yet another highly profitable project, generating consistent returns for our investors over its 40-year life.”

Related News

Offshore wind

Offshore wind is set to become a $1 trillion business

LONDON - The need for affordable low-carbon technologies is greater than ever

Global energy-related CO2 emissions reached a historic high in 2018, driven by an increase in coal use in the power sector. Despite impressive gains for renewables, fossil fuels still account for nearly two-thirds of electricity generation, the same share as 20 years ago. There are signs of a shift, with increasing pledges to decarbonise economies and tackle air pollution, but action needs to accelerate to meet sustainable energy goals. As electrification of the global energy system continues, the need for clean and affordable low-carbon technologies to produce this electricity…

READ MORE
tower

N.L. lags behind Canada in energy efficiency, but there's a silver lining to the stats

READ MORE

greenland ice sheet

The UK’s energy plan is all very well but it ignores the forecast rise in global sea-levels

READ MORE

Las Pailas plant, Costa Rica

Costa Rica hits record electricity generation from 99% renewable sources

READ MORE

 Colin Mulvey, Project Manager

Scottish North Sea wind farm to resume construction after Covid-19 stoppage

READ MORE