eSolar, a producer of solar thermal power technology, and Ferrostaal, a power plant developer, have announced a partnership to deploy turnkey solar power plants in countries including Spain, the United Arab Emirates, and South Africa. Under the agreement, eSolar will reportedly provide solar field and receiver technology, while Ferrostaal will provide the power block as well as manage the overall realization as general contractor, including financing activities.
Through partnering with eSolar, Ferrostaal is believed to add solar power tower technology to its current concentrating solar thermal portfolio, which includes parabolic trough and Fresnel lens. By partnering with Ferrostaal, eSolar adds significant global reach through a partner with the experience and financial strength to execute projects rapidly, eSolar said.
John Scoter, CEO of eSolar, said: "This partnership with Ferrostaal is a real coup for eSolar. Ferrostaal's extensive construction capacity and expertise particularly in the concentrated solar thermal field together with eSolar's award-winning technology, offers us the opportunity to rapidly construct solar power projects across the globe in coming years."
A service of YellowBrix, Inc.
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