Cubico buys 50 MW Arenales CSP plant in Moron de la Frontera

Cubico Sustainable Investments has acquired Arenales Solar PS, S.L., the owner of a 50 MW operational concentrated solar power (CSP) plant, from PanEuropean Infrastructure Fund, managed by DWS, a global infrastructure asset manager.

The Arenales project is located in Morón de la Frontera, Seville, in southern Spain and became operational in 2008. It uses parabolic trough thermosolar technology with seven hours of molten salt storage, which, combined with an oversized solar field, allows extended generating hours, contributing to the security of Spain’s electricity system.

As a result of the acquisition, Cubico’s portfolio in Iberia now comprises eight assets across Spain and Portugal, including solar PV, CSP and onshore wind technologies, with a total capacity of 279 MW.