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Abengoa celebrates start of construction for its photovoltaic plant in Atacama 1, the largest solar complex in Latin America

  • Atacama 1 solar complex, with an overall installed capacity of 210 MW, will include the first solar thermal plant in Latin America and a photovoltaic plant
  • Both technologies complement each other to supply clean and stable energy 24 hours a day

January 26, 2015 - Abengoa (MCE: ABG.B/P SM /NASDAQ: ABGB), the international company that applies innovative technology solutions for sustainability in the energy and environment sectors, celebrated today the start of the construction of the photovoltaic plant that will be part of Atacama 1 solar complex, located in the north of Chile (Comuna de María Elena, Segunda Región).

The event was attended by Luis Avila, Electricity and Fuel Superintendent of the Ministry of Energy of Chile, and the mayor of the commune of María Elena, Jorge Godoy, to celebrate the start of the construction which will be part of the largest solar platform in Latin America.

The project is based in the Atacama Desert, the region with the highest level of solar radiation in the world. Atacama 1 will feature a photovoltaic plant with a capacity of 100 MW and the first solar thermal plant in Latin America, with 110 MW of installed capacity and 17.5 hours of thermal storage. The overall solar field of the complex covers 1,000 hectares.

The photovoltaic plant will be the largest of its type in the Grand North region, with an installed capacity of 100 MW and 392,000 solar panels that capture the energy from the sun to deliver it directly to the grid.

The solar thermal electric plant, in construction since 2014, it will have 10,600 heliostats and the solar field will cover approximately 700 hectares. Heliostats concentrate solar radiation onto a receiver located at the top of a tower with 250 meters. Radiation coming from the sun is used to heat molten salts. The molten salts create the steam necessary to power a turbine of 110 MW, which generates clean electricity.

The plant will also feature a thermal storage system with molten salts that will permit to deliver stable energy 24 hours a day.

The platform will prevent the emission of around 870,000 tons of CO2 annually and will allow to meet the energy demand from households and industry by combining both technologies.

It is estimated that the photovoltaic plant will start operation by the end of 2015 and the solar thermal plant in the second quarter of 2017.

Abengoa has been present in Chile since 1987, where it has carried out numerous projects for companies in different sectors, including mining, electricity, communications and industrial sector companies. This new plant will further consolidate its technological commitment to solar thermal electric power and innovation.

Abengoa currently has 1,503 MW of installed capacity in commercial operation, 360 MW under construction and 210 MW in development and it is the only company in the world to construct and operate solar thermal electric plants using both tower and parabolic trough technologies.

About Abengoa

Abengoa (MCE: ABG.B/P SM /NASDAQ: ABGB) applies innovative technology solutions for sustainability in the energy and environment sectors, generating electricity from renewable resources, converting biomass into biofuels and producing drinking water from sea water. (www.abengoa.com)

http://www.abengoa.com/web/en/noticias_y_publicaciones/noticias/historico/2015/01_enero/abg_20150126.html

Abengoa celebrates the start of the project that will be Latin America’s first solar-thermal plant

  • The plant, which is being developed by Abengoa, will use an advanced storage system enabling it to generate electricity for up to 18 hours without direct solar radiation

May 14, 2014.- Abengoa (MCE: ABG.B/P SM /NASDAQ: ABGB), the international company that applies innovative technology solutions for sustainability in the energy and environment sectors, today held the ground-breaking ceremony to mark the start of the works of the first solar-thermal plant in Latin America, located in the commune of María Elena in the Atacama Desert, Chile.

The event was attended Jimena Jara, Subsecretary of Energy of Chile, and Jorge Godoy, mayor of the commune of María Elena, accompanied by Felipe Benjumea and Manuel Sánchez Ortega, Chairman and CEO of Abengoa respectively, to celebrate the start of a project that will be a milestone in Chile’s energy sector.

Abengoa was selected in an international tender by the Chilean Ministry of Energy and Corporación de Fomento de la Producción (Corfo) to develop a 110 MW solar plant using tower technology with 18 hours of thermal energy storage based on molten salts. The project is based in the Atacama Desert, the region with the highest concentrations of solar radiation in the world, and will be the first solar-thermal plant for direct electricity production in Latin America.

Solar-thermal tower technology uses a series of mirrors (heliostats) that track the sun on two axes, concentrating the solar radiation onto a receiver on the upper part of the tower, where the heat is transferred to the molten salts. The salts then transfer their heat to a water current in a heat exchanger that generates superheated and reheated steam, which feeds a turbine capable of generating around 110 MW of power.

The solar plant will also have a pioneering thermal storage system, designed and developed by Abengoa, which makes this technology highly manageable, enabling it to supply electricity in a stable way, 24 hours a day, responding to electricity demand at any time.

The project forms part of Chile’s national renewable energy program, intended to provide Chile with a cleaner energy future, while also promoting its economic development and reducing its dependency on coal and natural gas. Chile intends to produce 20% of its electricity from clean energy sources by 2025.

Abengoa’s project in Chile will prevent the emission of approximately 643,000 tons of CO2 into the atmosphere every year, equivalent to the annual emissions from 357,000 vehicles. Furthermore, the construction, operation and maintenance of this plant will act as a catalyst for regional socio-economic development, creating up to 2,000 direct jobs and a large number of indirect jobs, generating a network of services that will support economic growth in the country.

Abengoa has been present in Chile since 1987, where it has carried out numerous projects. This new plant will further consolidate its technological commitment to solar-thermal power. Abengoa currently has 1,223 MW of installed capacity in commercial operation, 430 MW under construction and 320 MW in development and is the only company in the world to construct and operate solar-thermal plants using both tower and parabolic trough technologies.

http://www.abengoa.es/export/sites/abengoa_corp/resources/gestion_noticias/pdf/
20140514_NP_primera_piedra_Chile_en.pdf

Abengoa to develop South America’s largest solar-thermal plant in Chile

  • The solar plant, which will use molten salts tower technology, will have an advanced storage system enabling it to generate electricity for up to 17.5 hours without direct solar radiation.
  • This plant will strengthen Abengoa’s position in Chile and forms part of the Chilean government’s important support and commitment to renewable energy.

January 9, 2014. - Abengoa (MCE: ABG.B/P SM /NASDAQ: ABGB), the international company that applies innovative technology solutions for sustainability in the energy and environment sectors, has been selected by the Ministry of Energy of the Chilean Government and Corfo (Corporación de Fomento de la Producción) to develop a 110 MW solar plant using tower technology with 17.5 hours of thermal energy storage using molten salts. The project will be located in the Atacama Desert, the region with the highest solar radiation concentrations in the world. It will be the first solar-thermal plant for direct electricity production in South America.

Abengoa’s project won the international tender launched by the Chilean Ministry of Energy and Corfo to construct the first Concentrated Solar Power plant in Latin America. As part of this tender, the project will receive direct subsidies from the Chilean Government and the European Union, as well as financing from the Inter-American Development Bank, KFW Kreditanstalt für Wiederaufbau, the Clean Technology Fund and Canadian Fund.

Solar-thermal tower technology uses a series of mirrors (heliostats) that track the sun on two axes, concentrating the solar radiation on a receiver on the upper part of the tower where the heat is transferred to the molten salts. The salts then transfer their heat in a heat exchanger to a water current to generate superheated and reheated steam, which feeds a turbine capable of generating around 110 MW of power.

The solar plant will also have a pioneering thermal storage system with 17.5 hours of storage that has been designed and developed by Abengoa. This makes the technology highly manageable, enabling it to supply electricity in a stable way, 24 hours a day, responding to all periods of electricity demand.

Abengoa’s new project will be located in the commune of María Elena in the Antofagasta region, northern Chile. The project forms part of Chile’s national renewable energy program, intended to provide Chile with a cleaner energy future, while also promoting its economic development and reducing its dependency on coal and natural gas. Chile has set a target to produce 20% of its electricity from clean energy sources by 2025.

Abengoa’s project in Chile will prevent the emission of approximately 643,000 tons of CO2 into the atmosphere every year. Furthermore, the construction, operation and maintenance of this plant will act as a catalyst for regional socio-economic development, creating a large number of direct and indirect jobs for the construction, development, commissioning and operation of the plant as well as a network of services that will promote economic growth in the country. Construction of the project is due to start in the second half of 2014.

Abengoa has been present in Chile since 1987, where it has carried out numerous projects. This new plant will consolidate its commitment to solar-thermal energy and demonstrates the huge potential for this technology in this country. Abengoa currently has 1,223 MW of installed capacity in commercial operation, 430 MW under construction and 320 MW in pre-construction, including both solar-thermal and photovoltaic technology. Abengoa is the only company in the world to construct and operate solar-thermal plants using both tower and parabolic trough technologies.

http://www.abengoa.es/export/sites/abengoa_corp/resources/gestion_noticias/pdf/
20140109_termosolar_Chile_en.pdf



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