Home > Market > Other Regions > Here
TerraForm Power to buy 100 MW of Spanish CSP
2019.11.20 From: Renewables Now
November 19 (Renewables Now) - US renewable power producer TerraForm Power Inc (NASDAQ:TERP) has agreed to acquire two concentrated solar power (CSP) plants in Spain with a combined capacity of about 100 MW.
A wholly-owned unit of TerraForm Power will pay a total equity purchase price of EUR 94.1 million (USD 104m) for two 49.9-MW solar thermal power facilities located near some of the company’s existing CSP assets.
TerraForm Power said in a regulatory filing that each of the plants being acquired has nine hours of storage capacity and both are regulated under the local framework for renewable power, with some 19 years of remaining regulatory life.
The buyer expects to complete the transaction at the start of the first quarter of 2020. It is seen to generate levered US dollar returns on equity that exceed the 9%-11% range targeted by the company.
(EUR 1.0 = USD 1.106)
Upcoming CSP events:
10th CSP Focus China 2020 (March.25-26, Beijing China)
5th CSP Focus MENA 2020（June.23-24，Dubai, UAE）
More CSP news and reports please visit www.cspfocus.cn
More from CSP Focus
NextHawaii receives $1.9M in federal funding to test solar-thermal desalination on Big Island
SolarReserve unveils plans for 6 Concentrated Solar Power projects in South Australia
Kathu Solar concentrated solar power project in South Africa
China's Silk Road Fund closes 49% stake buy in ACWA Power RenewCo
Sbps deep join China concentrated solar power industry with innovative CSP collectors
A Novel CSP Heliostat Goes from Lab to Market in Just 5 Years
Leave your thoughts here
Reports(Member Only)
See more+-
CSP Project Monthly Update 2022 July Edition
CSP Focus is presenting CSP Project (China) Update 2022 July Edition.Detail report is available for CSP Focus Membership.
-
The Latest CSP Focus Monthly Update
Join CSP Focus Membership to Get the Latest CSP Focus Monthly Update July Edition.
-
Presentations-CSP Focus China 2021
The Report is for CSP Focus Members only.
-
Presentations-CSP Focus China 2020
The Report is for CSP Focus Members only
Upcoming Events
See more+-
12th CSP Focus China 2022
2022.04.21-22 Beijing
-
11th CSP Focus China 2021
2021.10.28-29 Beijing
-
10th CSP Focus China 2020
2020.10.22-23 Beijing, China
Project Updates
See more+-
Lanzhou Dacheng Dunhuang CSP Project
Asia Pacific-China，Operational，Parabolic Trough
-
Luneng Haixi 50MW Molten Salt Tower CSP Project
Asia Pacific-China，Operational，Power Tower
-
Dubai 950MW NOOR Energy 1 CSP+PV Project
MENA-UAE，Under construction，Power Tower
-
Power China Gonghe 50MW Molten Salt Tower CSP Project
Asia Pacific-China，Operational，Power Tower
