CSP investors return to Spain as market outlook brightens

New CSP legislation has helped stabilize Spain's regulatory framework. (Image credit: Abengoa)
10 Mar 2020

New tariff legislation, proven plant performance and a growing need for storage is increasing investor confidence in Spanish CSP ownership, investors told New Energy Update.

Earlier this month, UK-based investment fund Cubico Sustainable Investments acquired the 50 MW Arenales Solar Plant in Seville, southern Spain, from the PanEuropean Infrastructure Fund.

Online since 2013, the Arenales plant consists of parabolic trough technology and seven hours of molten salt thermal energy storage (TES).

The acquisition expanded Cubico's Spanish CSP portfolio to 150 MW following its purchase of the 50 MW Andasol 1 and 50 MW Andasol 2 in 2017 and is the latest in a series of CSP plant resales in Spain.

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