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Updated: FCC and MITSUI get €226m loan for solar thermal power plant

FCC and Mitsui have closed the funding for their 50 MW Gúzman solar thermal power plant in Spain with a €226 million loan with Japanese bank Mizuho and Spain's BBVA having granted project finance.

By Renewable Energy Focus staff

The Córdoba-based solar thermal power plant is owned by Guzmán Energía, of which 70% belongs to FCC Energía and 30% to Mitsui Renewable Energy Europe. The loan is backed by an insurance policy from export credit agency Nippon Export and Investment Insurance (NEXI).

Alejandro Seco, Head of Strategy and Development from FCC Enegia, tells Renewable Energy Focus, that the technology used will be parabolic trough solar collectors.

Construction commenced in July and it is expected to become operational in December 2012.

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