ENDESA to Build Spain's Biggest Solar Energy Plant in Cadiz
July 05 2007 - 11:51AM
Business Wire
ENDESA (NYSE:ELE) announced on Tuesday that Endesa Generation has
received a municipal permit to build a 20.1MW photovoltaic solar
energy plant on land located in Guadarranque industrial park in San
Roque (Cadiz). The first stage of the plant will have 12.3MW of
installed power covering 37 hectares. Endesa Generation will start
work in July. Once both stages are completed, the plant will have
production capacity of 36GWh per year � the power required to
supply a town such as Torremolinos. It will save 13,300 tonnes of
CO2 emissions a year. Additionally, production at the plant will
increase during the summer months due to the higher number of
daylight hours helping to meet the significant rise in demand in
Andalusia in the summer. Energy will be transmitted via a line
which will also be built soon. The site is situated near an
industrial park in expansion, so power evacuation is not a problem
for existing electricity grids. To date, ENDESA Generation has
completed all engineering work required for the plant construction.
The equipment supplier (current reversers and transformers) is
currently being selected from a list of major domestic and
international suppliers. ENDESA�s cogeneration and renewables
division (ECyR) will be responsible for running the plant. The
decision to build a plant using this type of technology responds to
environmental criteria as these facilities produce no greenhouse
gases whatsoever. Also, selecting the plant�s site obeyed a series
of climatological and economic criteria. The location is ideal not
only because of the amount of solar radiation it receives but also
because photovoltaic cells work better near the coast, where
average summer temperatures are cooler. The plant has been designed
to follow solar radiation � the most straightforward configuration,
requiring moderate maintenance and which allows the Group to make
the best use of the available land. The project is part of ENDESA�s
strategic plan for development of clean energies, which proposes
100MW of new solar energy plant in the next five years. The project
reinforces ENDESA's firm commitment to photovoltaic solar energy
already found in other installations that Endesa is executing in
its thermal power plants throughout the Spanish mainland and
islands. This new plant will improve ENDESA�s generation mix in
Spain, and confirm its commitment to renewable energies,
particularly photovoltaic solar energy, as an alternative source of
power production with the aim of reducing greenhouse gas emissions
from electricity generation. ENDESA is firmly committed to research
and development in efficient and environment friendly new
technologies for electricity production. * This document may
contain certain forward-looking statements regarding anticipated
financial and operating results and statistics that are subject to
risks and uncertainties as well as to material risks, changes and
other factors which may be difficult to predict, including, without
limitation, those factors described in the Documento de Registro de
Acciones of Endesa filed within the Comisi�n Nacional del Mercado
de Valores and in the Form 20-F of Endesa filed within the
Securities and Exchange Commission, both for the fiscal year ended
December 31, 2006. For all of these forward-looking statements, we
claim the protection of the safe harbour for forward-looking
statements contained in the Private Securities Litigation Reform
Act of 1995.
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