eSolar, Ferrostaal join forces to develop CST power plants in Spain, UAE, other countries

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eSolar and Ferrostaal have formed a partnership to deploy turnkey concentrating solar thermal power plants in Spain, the United Arab Emirates, South Africa, and other unnamed countries. Under the terms of the deal, eSolar will provide solar field and receiver technology, while Ferrostaal will provide the power block as well as manage the overall realization as general contractor, including financing activities.

Financial terms of the agreement and specifics about the individual projects have yet to be disclosed.

The companies cite a range of mutual benefits resulting from the partnership. Ferrostaal adds solar power tower technology to its CST portfolio, which already includes parabolic trough and Fresnel lens components, while eSolar will have a significant global reach through a partner with the experience and financial strength to execute projects rapidly.

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