Friday, November 9, 2007

Endesa to build 4 thermosolar plants in Andalucia, Spain - Dams for Chile, Solar for Europe

MADRID, Nov. 7, 2007 Endesa (NYSE:ELE) SA said it has signed an agreement with Instituto Hispanco de Arroz, core shareholder of Ebro Puleva SA (OOTC:EBRPF) , for the joint development of four thermosolar plants south of Seville for an investment of over 1.24 bln eur.

In a statement, Endesa said the plants, with 50 megawatts of thermosolar capacity each, are expected to come on stream in 2011.

Here is the full article.