ENDESA to Install 100 MW of Photovoltaic Solar Energy in Spain
November 29 2006 - 2:22PM
Business Wire
ENDESA (NYSE:ELE): The agreement additionally contemplates the
participation of both companies with the regional government of
Andalusia in a polysilicone plant, the seventh in the world, which
will guarantee the supply of this raw material for the manufacture
of photovoltaic modules. ENDESA will supply the power required to
operate the plant. The agreement also provides for collaboration on
several projects designed to demonstrate concentrating photovoltaic
technology (CPV), which will subsequently facilitate the
manufacture of more efficient solar modules. ENDESA (NYSE:ELE) has
signed a collaboration agreement with ISOFOT�N, the producer of
photovoltaic panels, with the aim of ensuring that ENDESA has
access to the equipment required to develop the solar powered
facilities that the Company plans to install between now and 2011.
Representing ENDESA at the agreement signing were Manuel Moran,
General Manager for ENDESA Generation and Mart�n Madrid, Director
of Horizontal Projects, while from ISOFOT�N, Alvaro Ybarra Zubir�a,
Chairman and Jose Luis Manzano, CEO, were present. The agreement
also provides for collaboration on several projects designed to
demonstrate concentrating photovoltaic technology (CPV), which will
facilitate subsequent commercialisation. These new concentrating
systems represent a new departure and offer an alternative to
current silicone based technology, the material used in solar
cells. The semiconductor material used is gallium arsenide which,
because it collects and focuses sunlight via a series of lenses,
creates more energy over a smaller surface area. In addition,
ENDESA, ISOFOT�N and the regional Andalusian government plan to
collaborate to develop and construct a polysilicone plant in Los
Barrios (C�diz), in response to increased demand for this raw
material, key to the production of PV modules and which will
guarantee both companies� supply needs. Development on this
project, named Silicio Energ�a, will commence in the coming months
and the facility will be operational in 2009. Estimated investment
in the project totals Euro 250 million to give polysilicone
capacity of 2,500 tonnes/year, equivalent to 250 MW of PV modules
per year. ENDESA will supply the power required to operate the
plant. The agreement between both companies will act as a boost to
photovoltaic solar energy in Spain and will enhance environmental
awareness as it will increase the production of renewable energy,
in addition to contributing to meeting Kyoto Treaty commitments.
ENDESA ENDESA has installed photovoltaic capacity of 42 kW in
Minorca in addition to owning a 60% stake in the Llanos de Aridane
facility in the Canary Islands, which has installed capacity of 25
kW, and a 33% stake in the 1 MW Toledo PV plant. The Company is
also developing a project for the installation of 850 kW of PV
solar power in its fossil fuel power stations located in Los
Barrios (Algeciras, C�diz), Litoral (Carboneras, Almer�a) Teruel
(Andorra, Teruel), Son Reus (Palma de Mallorca), Compostilla
(Ponferrada, Le�n), Granadilla (Granadilla de Abona, Tenerife),
Barranco de Tirajana (San Bartolom� de Tirajana, Gran Canaria) and
As Pontes (Corunna). ISOFOT�N ISOFOT�N is a leading developer of
technological solutions for the generation and use of solar energy.
The company is deeply committed to the environment and to society
worldwide. It is the largest PV and thermal solar energy company in
Spain and one of the largest in the world. It has a commercial
presence in over 60 countries and has subsidiaries in China,
Ecuador, the US, Italy, Morocco, the Dominican Republic as well as
a project office in Senegal. For further information visit
www.isofoton.com. * This document may contain certain
forward-looking statements regarding anticipated financial and
operating results and statistics that are subject to risks and
uncertainties as well as to material risks, changes and other
factors which may be difficult to predict, including, without
limitation, those factors described in the Documento de Registro de
Acciones of Endesa filed within the Comisi�n Nacional del Mercado
de Valores and in the Form 20-F of Endesa filed within the
Securities and Exchange Commission, both for the fiscal year ended
December 31, 2005. For all of these forward-looking statements, we
claim the protection of the safe harbour for forward-looking
statements contained in the Private Securities Litigation Reform
Act of 1995. ENDESA (NYSE:ELE): -- The agreement additionally
contemplates the participation of both companies with the regional
government of Andalusia in a polysilicone plant, the seventh in the
world, which will guarantee the supply of this raw material for the
manufacture of photovoltaic modules. ENDESA will supply the power
required to operate the plant. -- The agreement also provides for
collaboration on several projects designed to demonstrate
concentrating photovoltaic technology (CPV), which will
subsequently facilitate the manufacture of more efficient solar
modules. ENDESA (NYSE:ELE) has signed a collaboration agreement
with ISOFOTON, the producer of photovoltaic panels, with the aim of
ensuring that ENDESA has access to the equipment required to
develop the solar powered facilities that the Company plans to
install between now and 2011. Representing ENDESA at the agreement
signing were Manuel Moran, General Manager for ENDESA Generation
and Martin Madrid, Director of Horizontal Projects, while from
ISOFOTON, Alvaro Ybarra Zubiria, Chairman and Jose Luis Manzano,
CEO, were present. The agreement also provides for collaboration on
several projects designed to demonstrate concentrating photovoltaic
technology (CPV), which will facilitate subsequent
commercialisation. These new concentrating systems represent a new
departure and offer an alternative to current silicone based
technology, the material used in solar cells. The semiconductor
material used is gallium arsenide which, because it collects and
focuses sunlight via a series of lenses, creates more energy over a
smaller surface area. In addition, ENDESA, ISOFOTON and the
regional Andalusian government plan to collaborate to develop and
construct a polysilicone plant in Los Barrios (Cadiz), in response
to increased demand for this raw material, key to the production of
PV modules and which will guarantee both companies' supply needs.
Development on this project, named Silicio Energia, will commence
in the coming months and the facility will be operational in 2009.
Estimated investment in the project totals Euro 250 million to give
polysilicone capacity of 2,500 tonnes/year, equivalent to 250 MW of
PV modules per year. ENDESA will supply the power required to
operate the plant. The agreement between both companies will act as
a boost to photovoltaic solar energy in Spain and will enhance
environmental awareness as it will increase the production of
renewable energy, in addition to contributing to meeting Kyoto
Treaty commitments. ENDESA ENDESA has installed photovoltaic
capacity of 42 kW in Minorca in addition to owning a 60% stake in
the Llanos de Aridane facility in the Canary Islands, which has
installed capacity of 25 kW, and a 33% stake in the 1 MW Toledo PV
plant. The Company is also developing a project for the
installation of 850 kW of PV solar power in its fossil fuel power
stations located in Los Barrios (Algeciras, Cadiz), Litoral
(Carboneras, Almeria) Teruel (Andorra, Teruel), Son Reus (Palma de
Mallorca), Compostilla (Ponferrada, Leon), Granadilla (Granadilla
de Abona, Tenerife), Barranco de Tirajana (San Bartolome de
Tirajana, Gran Canaria) and As Pontes (Corunna). ISOFOTON ISOFOTON
is a leading developer of technological solutions for the
generation and use of solar energy. The company is deeply committed
to the environment and to society worldwide. It is the largest PV
and thermal solar energy company in Spain and one of the largest in
the world. It has a commercial presence in over 60 countries and
has subsidiaries in China, Ecuador, the US, Italy, Morocco, the
Dominican Republic as well as a project office in Senegal. For
further information visit www.isofoton.com. * This document may
contain certain forward-looking statements regarding anticipated
financial and operating results and statistics that are subject to
risks and uncertainties as well as to material risks, changes and
other factors which may be difficult to predict, including, without
limitation, those factors described in the Documento de Registro de
Acciones of Endesa filed within the Comision Nacional del Mercado
de Valores and in the Form 20-F of Endesa filed within the
Securities and Exchange Commission, both for the fiscal year ended
December 31, 2005. For all of these forward-looking statements, we
claim the protection of the safe harbour for forward-looking
statements contained in the Private Securities Litigation Reform
Act of 1995.
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