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Spain unveils plans for new 50MW solar plant
Spain`s position as Europe`s leading market for utility scale solar projects was underlined this week with the unveiling of plans for a new 50MW solar thermal plant.
Solar energy specialist Sunstroom Energy Investments announced it is planning to build the €300m solar thermal electricity plant in the Extremadura province of Spain, one of the sunniest regions in the world.
The plant, to be known as Thermostroom 1, will cover a surface area of 271 hectares and will use parabolic mirrors to concentrate heat from the sun. The resulting heat will be used to create steam that will then used ... |
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Indian hydropower firm makes waves with US$1.2bn IPO
India`s largest hydropower company, NHPC, has made waves on the country`s National Stock Exchange with a US$1.25bn IPO that was fully subscribed within five minutes of the offer opening on Friday.
Local media reported that the shares are marketing near the top end of the expected price range, at around $0.73 per share. The bookbuilding process will end tomorrow, after which the shares will commence trading with the total company market capitalisation expected to reach $9.2bn.
At least 60 per cent of the 1.6bn shares issued are reserved for institutional buyers, while 30 per cent is being ... |
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