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    CSIN Completes Project Financing for Solar Thermal Project in Spain


    December 4, 2022 - Marketline - Deals

     

      Deal In Brief

      CSIN, a thermal power company created by a group of entrepreneurs from the Valencian Community, has completed project financing for solar thermal power plant situated in Quart de Poblet (Valencia), Spain. The total cost of the project is EUR2.2 million

      European Regional Development Fund (ERDF) is providing project financing to cover a part of the construction expenses

      Heineken Spain, in addition to ceding the land, will be in charge of purchasing the thermal energy produced over the next 15 years, from which time it will be able to acquire the facilities. The self-consumption solar thermal plant will be ready in June 2023. It will use curved mirrors to capture sunlight and concentrate it in tubes where water is heated to 200 degree, obtaining thermal energy that can be in the form of heat or steam

      The project will produce 3,500 thermal megawatt hours per year, which will be used in the cooking and packaging processes of the different Heineken products. The facility will have a thermal storage system that allows a stable supply, at any time of the day or night, and regardless of weather conditions. The solar field will have an area of almost 6,000 square meters and will be designed for future extensions.

      Deal Type Acquisition
      Sub-Category Asset Purchase
      Deal Status Completed: 2022-12-01

      Deal Participants

      Deal Rationale

      (Republication or redistribution, including by framing or similar means, is expressly prohibited without prior written consent. Marketline shall not be liable for errors or delays in the content, or for any actions taken in reliance thereon.)

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