ANNOUNCEMENT 20 Jul 2011

On 20 July 2011, the EIB provided financing worth EUR 225 million (USD 321 million).

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 20 Jul 2011 | Removal date: open ended

State loan

On 20 July 2011, the European Investment Bank (EIB) and Acs Actividades De Construccion y Servicios SA signed an agreement worth EUR 225 million (approx. USD 321 million) for the project Manchasol 1&2 Csp Project from Spain. The total cost of the project is estimated at EUR 746 million.

According to the project description issued by the EIB, Two concentrated thermosolar power plants with a capacity of 50MW each, to be built in Ciudad Real, in the Castilla-La Mancha region of Spain..

The objective of the project is defined as following: The project concerns the development, construction and operation of large-scale CSP plant, with a capacity of 50 MWe. The plant will apply parabolic solar trough technology, as in Andasol 1 & 2, and Extresol 1, all projects being built by the main EPC contractor that will build Manchasol I. The plant will incorporate a molten-salts heat storage system, based on the one used in Andasol 1. The collectors to be used are Senertrough type, which has been tested in the Plataforma Solar de Almeria (PSA), although for shorter loops than those installed in the plant..

A state act in the GTA database is assessed solely in terms of the extent to which its implementation affects foreign commercial interests. On this metric, the investment support granted here is discriminatory.

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