Frank Wouters of Masdar Power at Abu Dhabi’s World Future Energy Summit. With its first large scale solar farm expected to be operational by August, Masdar is now about to construct its second utility-scale solar project in the UAE, the 100 MW Nour 1. The first, Shams 1, used concentrated solar-thermal power (CSP) technology, that drives a steam turbine […]
Torresol - a joint venture between Spain's SENER and Abu Dhabi's Masdar, plans to invest up to $5 billion building 6 GW of concentrated solar-thermal power (CSP) projects over the next three years in the deserts of the MENA region, Spain, and the US. Although the sites are not yet named, at least one of the plants will be in Abu Dhabi. The company ('torre' is Spanish for tower, and 'sol' for sun) says it is optimistic in getting the funding for its ambitious solar project pipeline. “Despite the ongoing economic troubles facing much of the world", says Torresol President Enrique Sendagorta, "we believe we can achieve our goals as foreign banks are becoming more interested in financing solar power projects because it is a winning investment”. The first of the Desertec solar projects all use CSP, in Morocco, and in Algeria, and just today - in Tunisia.