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Signature(s)

Amount
€ 225,000,000
Countries
Sector(s)
Spain : € 225,000,000
Energy : € 225,000,000
Signature date(s)
21/07/2011 : € 25,000,000
11/04/2013 : € 35,100,000
27/02/2013 : € 48,000,000
21/09/2012 : € 58,400,000
15/06/2012 : € 58,500,000
Link to source

Summary sheet

Release date
10 August 2009
Status
Reference
Signed | 21/07/2011
20080578
Project name
Promoter - financial intermediary
Manchasol 1&2 CSP Project
ACS Actividades de Construcción y Servicios SA
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to EUR 225 million.
Estimated to be around EUR 746 million.
Location
Sector(s)
Description
Objectives

The project proposed to the Bank consists of a concentrated solar power (CSP) project of capacity of 50 MWe to be built in Ciudad Real, in the Castilla-La Mancha region of Spain, at an elevation of around 700 m above sea level.

The project concerns the development, construction and operation of large–scale CSP plant, with a capacity of 50 MWe. The plant will apply parabolic solar trough technology, as in Andasol 1 & 2, and Extresol 1, all projects being built by the main EPC contractor that will build Manchasol I. The plant will incorporate a molten-salts heat storage system, based on the one used in Andasol 1. The collectors to be used are Senertrough type, which has been tested in the Plataforma Solar de Almeria (PSA), although for shorter loops than those installed in the plant.

Environmental aspects
Procurement

The project consists of three components: two CSP plants and a common overhead connection tie-line to the transmission grid. The CSP plants fall under Annex II of Directive 85/337/EEC, as amended by 97/11/EC and 2003/35/EC, whilst the connection tie-line falls under Annex I of the aforementioned Directive, requiring an EIA to be performed. Two EIAs were thus performed: one for Manchasol 1, and the other for Manchasol 2 and the connection tie-line. The outcome of both EIA procedures was favourable and the environmental authorisations were awarded in May 2008 and in October 2008, respectively. Details of the environmental assessment procedures applied and any potential impact on sites of nature conservation will be reviewed during appraisal.

Neither the promoter nor the special purpose companies are subject to EU Procurement Directives. Suitable procurement procedures, including an appropriate selection of works, goods and services offered at competitive prices should be applied in the project’s best interests. Details will be verified during appraisal.

Link to source

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

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Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
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The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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