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Abengoa has announced a collaboration with Capital Riesgo Global to develop the largest CSP plant to date. Abengoa is currently constructing the Arizona-based Solana project, which is expected to commence commercial production by summer 2013. Once completed, it will have a capacity of 280MW.
Capital Riesgo Global invested US$125 million in the project and will, in exchange, receive an equity stake in the project. The US Department of Energy (DOE) granted Abengoa a federal loan of US$1.45 billion in 2010 and the overall investment in the project is US$2,000 million.
Abengoa is currently constructing more than 1GW of PV plants worldwide.