Solar World: Another step for Solel (150 MW solar thermal, Spain)

[jpak]

http://www.upi.com/Energy/view.php?StoryID=20061108-103827-4319r

TEL AVIV, Israel, Nov. 8 (UPI) -- Israeli solar thermal company Solel, nearing the close of a banner year, this week signed an $890 million agreement with Spanish firm Sacyr-Vallehermoso to build three 50-megawatt solar power stations.

"The realization of a project of this kind in Spain opens up a range of opportunities for Solel in an important market in which (the company) hadn't operated until now," Solel Chief Executive Officer Avi Brenmiller said in a statement.

The deal, Brenmiller said, "will show our technological advantages and our proven experience in the field of thermal-solar energy."

Electricity produced by the Solel-constructed plants will cost 30 cents per kilowatt hour, the company said. This is a subsidized rate -- the Spanish government incentive will last for a period of 25 years, to diversify the country's energy sources, to encourage environmentally friendly power stations and to support the production of energy locally.

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[kestrel91316]

1. The USA ought to be really embarrassed. Little ol' Spain is WAY

out in front of us with the alternative energy innovation.

Gamesa wind power stuff, lots of solar, GO SPAIN!!!!!!!!!!!!!!

[XemaSab]

2. Second to last paragraph:

http://www.solel.com/news/globes/

And they're building more. ;)