Massive Spanish-German solar project enters second phase

[jpak]

http://www.forbes.com/markets/feeds/afx/2007/07/11/afx3904657.html

MADRID (Thomson Financial) - The Spanish group ACS and German partner Solar Millennium said on Wednesday they had begun the second phase of a massive solar power project near the southern city of Granada.

The companies said they were investing 260 mln eur in 'the largest solar power plant in the world', a solar thermal facility that is to cover 195-hectares.

According to the German firm, the second phase of the Andasol-2 project will come online in early 2009 and supply 'environmentally-friendly solar electricity to as many as 200,000 people.'

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According to ACS, the plants, each of which is to generate 650 megawatts of electricity, will reduce carbon dioxide emissions by 150,000 tonnes per year.

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