The loan wasapproved for Negev Energy-Ashalim Thermo-Solar, a project company jointly ownedby Spain’s Abengoa and Israeli developer Shikun & Binui Renewable Energy,and which last summer won a tender to build and operate the plant in Israel’ssouthern Negev desert.
Construction onthe plant is due to commence this year, and should finish by 2017.
OPIC suggests theproject will have built-in energy-storage capability.
The loan – OPIC’sfirst ever for a CSP project – is somewhat unusual in supporting a projectwhich does not apparently include any US-based companies.
OPIC
