June 9, 2010

Abu Dhabi, United Arab Emirates: Abengoa Solar Total Consortium Awarded 100 MW CSP Plant Contract

The bidding consortium of Abengoa Solar and Total has been selected in the competitive international Shams -1 tender by Abu Dhabi’s future energy company Masdar to enter with Masdar into a joint venture to develop, own and operate in the Emirate of Abu Dhabi the largest solar plant in the Middle East.

Featuring some 6,300,000 square-feet of Abengoa Solar parabolic trough collectors, the plant will have a 100 megawatts capacity of clean solar power. With construction beginning in mid 2010, the Shams concentrating solar power (CSP) station will be operational in 2012 and will cover 741 acres of desert.

The Government of Abu Dhabi has approved for the Shams -1 project a solar incentive premium in the form of a long term Green Power Agreement. The 60 per cent of Shams -1, sun in Arabic, will be owned by Masdar while an Abengoa Solar and Total joint venture will own the other 40 per cent. Abener and Teyma, two Abengoa companies, will be responsible for the turn key construction of the Shams -1 plant.

After commercial start up Abengoa Solar and Total will be in charge of operation and maintenance. Power production will be sold to Abu Dhabi Water and Electricity Company (ADWEC) under a long-term electricity sales contract. Abengoa Solar will provide its parabolic trough technology for the Shams -1 plant to generate solar thermal electricity through the concentration of sunlight, an efficient, reliable and clean solution that is now being implemented in large-scale commercial solar thermal power stations in Spain and northern Africa.

Santiago Seage, CEO of Abengoa Solar, expressed his satisfaction with having been awarded this prominent project: “We have teamed with the most qualified partners in the region, Total and Masdar, to own and operate what will be the most advanced solar plant, featuring our cutting-edge technology”.

He also pointed out that winning this first project in the Middle East “represents a milestone for our company as it extends our global presence. We currently have solar plants in Europe, The United States and Northern Africa. Adding the Middle East is very important for us”.

In turn, Michael Geyer, Abengoa Solar’s director of International Development, highlighted the immense potential of building large-scale solar plants in the Middle East, a region that offers both an unlimited solar resource and infinite site locations for implementation of solar plants in its deserts.

“The immense regional market potential for CSP plants, combined with our leading edge parabolic trough and central receiver technologies, enables us to offer the most competitive solar power generation to contribute to the coverage of the region’s accelerated growth in electrical power demand”.

Further details about: Abengoa Solar and Total