Sunstroom to build 50 MW solar thermal plant in Spain

Thermostroom 1 CSP leverages concentrating solar power with parabolic mirrors, steam-turbine generation, and thermal storage to deliver renewable electricity in Extremadura, Spain, spanning 271 hectares with strong permits and investment backing.

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, amid a bright outlook for solar across Europe today. 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, with some plants achieving electricity generation at night as well. 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, a level that has helped buoy investors in comparable solar thermal ventures.

Thermostroom 1 has full support from local municipalities and mayors, mirroring the role of new partners at Europe's largest solar site in Spain, 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 incentives under solar policy in Spain that support deployment, 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.”

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