World’s Largest Fresnel Solar Power Station Achieves Financial Close
The world’s largest Linear Fresnel solar power station is the first of its kind to reach financial close using limited recourse project finance debt funding. The focus of this landmark transaction is Tubo Sol PE2 S.L.’s 30MW concentrated solar power station in Murcia, Spain.
A consortium of three European banks have jointly arranged an export credit loan of approximately EUR 67 million with export credit insurance provided by Euler Hermes in addition to a EUR 8 million VAT facility.
The solar power station Puerto Errado 2 (PE2) is the world’s first utility-scale solar thermal power plant based on Linear Fresnel collector technology. Besides its conventional power block, the plant comprises a solar boiler with a mirror surface of 302,000m2.
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