Milenio Solar, the wholly owned Spanish development subsidiary of Solar Millennium, has signed a contract for a parabolic trough power plant feasibility study with Inversiones Energéticas (INE) whose main shareholder is Comisión Ejecutiva Hidroeléctrica del Río Lempa (CEL), the public utility of El Salvador.
Together the companies will analyze the technical, legal and financial framework needed for a public-private investment structure for a parabolic through power plant in the location of El Salvador.
The feasibility study will cover the proposal for a solar thermal power plant configuration and a recommendation of a power off-take concept as well as the layout of an investment public-private structure. The Solar Millennium Group will also provide and maintain Meteo-stations for the acquisition of meteorological data at three potential sites in El Salvador.
Christian Beltle, member of Solar Millennium's executive board said, “We are very pleased about this opportunity to use the extensive expertise and long-time experience we gained through the realization of the Andasol solar thermal power plants in Spain now for the further development of renewable energies in El Salvador.”
Marcello Formica, managing director of Milenio Solar Desarrollo de Proyectos said, “This feasibility study is also a good starting point for an early entry into the Latin-American market in which we would like to take the role as first mover in the future like we did in the Spanish market.”