Masdar JV secures $760m loan for solar plant

Torresol Energy, a joint venture between Masdar and Sener, an international multidiscipline engineering firm, has won $760m project finance loans for the construction of its twin Concentrated Solar Power (CSP) plants - Valle 1 and Valle 2 - in Andalucía, Spain. Valle 1 and 2, together with the Gemasolar Central Tower Plant (17MW / 110GWh per year), which was project financed in November 2008, represent a total investment by Torresol Energy of $1.4bn across three CSP projects over the past 12 months.