Novatec Solar
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Novatec Solar is a German provider of solar boilers based on linear Fresnel collector technology based in Karlsruhe. Novatec Solar specialises in turnkey delivery including manufacture, supply, and assembly of solar fields.
Timeline
[edit]In March 2011, ABB acquired 35% of Novatec Solar.[1][2][3]
In April 2013, ABB sold its stake in Novatec Solar to existing shareholder Transfield Holdings. After the transaction, Transfield owned approximately 85% of Novatec Solar.[1]
In November 2014, Novatec announced to its bondholders that due to financial problems it was seeking a restructuring of its debt.[2] Andreas Wittke (CEO) and Oliver Mundle (CFO) resigned their positions in the same month.[4]
Projects
[edit]Novatec Solar has realized three projects with its linear Fresnel technology.
Puerto Errado 1, located in southern Spain's Calasparra, was connected to the grid in 2009. With a capacity of 1.4 MW electric it was the first commercial Fresnel power plant in the world. It has a mirror surface of 18,000 m² divided in two collector rows with a length of 800 m each.
Puerto Errado 2
[edit]Puerto Errado 2 is located next to Puerto Errado 1 in southern Spain. It has a capacity of 30MW electric and a mirror surface of 300,000 m² and is in commercial operation since 2012.
Liddell
[edit]The Liddell solar field was contracted in 2010. It has a capacity of 9MW thermal and was used as a fuel saver for the Liddell Power Station.
References
[edit]- ^ a b "ABB investment sharpens solar focus". ABB. 2011-03-16. Retrieved 2012-10-21.
- ^ a b Hackley, Randall (2011-03-16). "ABB Buys 35% of Germany's Novatec Solar With Option to Buy All". Bloomberg. Retrieved 2012-10-21.
- ^ Stromata, Karl-Erik (2012-03-13). "Solar Millennium ex-boss gets top job at ABB-backed Novatec". Recharge. Retrieved 2012-10-21.
- ^ "Novatec Management Departure, Debt Restructure" (PDF). 2014-11-21. Retrieved 2015-01-31.
External links
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