
{"id":7310,"date":"2022-12-09T09:13:00","date_gmt":"2022-12-09T09:13:00","guid":{"rendered":"https:\/\/kyotherm.com\/kyotherm-et-ses-partenaires-bouclent-laccord-de-financement-dune-centrale-solaire-thermique-a-concentration-de-42-mw-en-espagne\/"},"modified":"2024-03-25T16:11:03","modified_gmt":"2024-03-25T16:11:03","slug":"kyotherm-and-its-partners-finalise-the-funding-agreement-for-a-4-2-mw-concentrated-solar-thermal-plant-inspain","status":"publish","type":"post","link":"https:\/\/kyotherm.com\/en\/kyotherm-and-its-partners-finalise-the-funding-agreement-for-a-4-2-mw-concentrated-solar-thermal-plant-inspain\/","title":{"rendered":"Kyotherm and its partners finalise the funding agreement for a 4.2 MW concentrated solar thermal plant in Spain"},"content":{"rendered":"[vc_row type=&#8221;in_container&#8221; full_screen_row_position=&#8221;middle&#8221; column_margin=&#8221;default&#8221; column_direction=&#8221;default&#8221; column_direction_tablet=&#8221;default&#8221; column_direction_phone=&#8221;default&#8221; scene_position=&#8221;center&#8221; text_color=&#8221;dark&#8221; text_align=&#8221;left&#8221; row_border_radius=&#8221;none&#8221; row_border_radius_applies=&#8221;bg&#8221; overflow=&#8221;visible&#8221; overlay_strength=&#8221;0.3&#8243; gradient_direction=&#8221;left_to_right&#8221; shape_divider_position=&#8221;bottom&#8221; bg_image_animation=&#8221;none&#8221;][vc_column column_padding=&#8221;no-extra-padding&#8221; column_padding_tablet=&#8221;inherit&#8221; column_padding_phone=&#8221;inherit&#8221; column_padding_position=&#8221;all&#8221; column_element_direction_desktop=&#8221;default&#8221; column_element_spacing=&#8221;default&#8221; desktop_text_alignment=&#8221;default&#8221; tablet_text_alignment=&#8221;default&#8221; phone_text_alignment=&#8221;default&#8221; background_color_opacity=&#8221;1&#8243; background_hover_color_opacity=&#8221;1&#8243; column_backdrop_filter=&#8221;none&#8221; column_shadow=&#8221;none&#8221; column_border_radius=&#8221;none&#8221; column_link_target=&#8221;_self&#8221; column_position=&#8221;default&#8221; gradient_direction=&#8221;left_to_right&#8221; overlay_strength=&#8221;0.3&#8243; width=&#8221;1\/1&#8243; tablet_width_inherit=&#8221;default&#8221; animation_type=&#8221;default&#8221; bg_image_animation=&#8221;none&#8221; border_type=&#8221;simple&#8221; column_border_width=&#8221;none&#8221; column_border_style=&#8221;solid&#8221;][vc_column_text text_direction=&#8221;default&#8221;]<a href=\"https:\/\/www.kyotherm.com\/en\/\">Kyotherm<\/a> entered into a financing agreement with the company CSIN, a joint venture between the companies <a href=\"https:\/\/solatom.com\/\" target=\"_blank\" rel=\"noopener\">Solatom<\/a>\u00a0and\u00a0<a href=\"https:\/\/indertec.com\/\" target=\"_blank\" rel=\"noopener\">Indertec<\/a>\u00a0(an affiliate of the Grupo\u00a0<a href=\"https:\/\/simetriagrupo.com\/\" target=\"_blank\" rel=\"noopener\">Simetria<\/a>) for a solar thermal plant on the\u00a0<a href=\"https:\/\/www.heinekenespana.es\/\" target=\"_blank\" rel=\"noopener\">Heineken Espa\u00f1a<\/a>\u00a0brewery in Quart de Poblet, province of Valencia, Spain. Kyotherm provides financing for a total amount of 2.8 million euros, including subsidy bridge financing.<\/p>\n<p>The project consists in a heat purchase agreement for a duration of 15 years, for the installation and operation of 184 concentration solar collectors totalling 6,000 sqm aperture area. They will produce steam injected into Heineken Espa\u00f1a\u2019s industrial process. Heineken will purchase the entirety of the steam produced. The project will deliver 3.5 GWh to the site annually, and is expected to be commissioned by summer 2023.<\/p>\n<p>The steam produced by the project will replace steam generated through the combustion of fossil fuel, which will contribute to the decarbonization of Heineken\u2019s industrial process.<\/p>\n<p>Kyotherm and CSIN found an agreement for the financing of the project over the duration of the heat purchase agreement. The project also benefits from\u00a0<a href=\"https:\/\/commission.europa.eu\/funding-tenders\/find-funding\/eu-funding-programmes\/european-regional-development-fund-erdf_en\" target=\"_blank\" rel=\"noopener\">ERDF<\/a>\u00a0public incentives, provided for solar thermal installations by\u00a0<a href=\"https:\/\/www.idae.es\/\" target=\"_blank\" rel=\"noopener\">IDAE<\/a>\u00a0(Instituto para la Diversificaci\u00f3n y Ahorro de la Energ\u00eda), the Spanish institute for energy diversification. The project partners intend to study together opportunities for expansion or reproduction of the solution deployed for this project, in order to benefit from favourable circumstances for such transactions and to pursue their goal to further decarbonize industrial processes and industrial heat.<\/p>\n<blockquote class=\"wp-block-quote\"><p><strong>Arnaud Susplugas, Founder and CEO of Kyotherm, declared: \u201c<\/strong><em>In the wake of our Solar Award received from the <a href=\"https:\/\/www.iea.org\/\" target=\"_blank\" rel=\"noopener\">International Energy Agency<\/a> in 2019, this project comes as a confirmation of Kyotherm\u2019s investment strategy in the solar thermal sector. It underlines our firm belief and conviction that solar thermal technologies can play a ground-breaking role in the decarbonization of industrial processes. The current context and current energy crisis must serve as catalysts for a deep-reaching and long-lasting transition of industrial heat towards renewables, and CSIN\u2019s solar solution is an excellent example of what can be done in this field. This first transaction in Spain is meant to lay the foundation for a long-standing industrial partnership between our companies.\u201d\u00a0<\/em><\/p><\/blockquote>\n[\/vc_column_text][\/vc_column][\/vc_row]\n","protected":false},"excerpt":{"rendered":"<p>[vc_row type=&#8221;in_container&#8221; full_screen_row_position=&#8221;middle&#8221; column_margin=&#8221;default&#8221; column_direction=&#8221;default&#8221; column_direction_tablet=&#8221;default&#8221; column_direction_phone=&#8221;default&#8221; scene_position=&#8221;center&#8221; text_color=&#8221;dark&#8221; text_align=&#8221;left&#8221; row_border_radius=&#8221;none&#8221; row_border_radius_applies=&#8221;bg&#8221; overflow=&#8221;visible&#8221; overlay_strength=&#8221;0.3&#8243; gradient_direction=&#8221;left_to_right&#8221; shape_divider_position=&#8221;bottom&#8221; bg_image_animation=&#8221;none&#8221;][vc_column column_padding=&#8221;no-extra-padding&#8221; column_padding_tablet=&#8221;inherit&#8221; column_padding_phone=&#8221;inherit&#8221; column_padding_position=&#8221;all&#8221; column_element_direction_desktop=&#8221;default&#8221; column_element_spacing=&#8221;default&#8221; desktop_text_alignment=&#8221;default&#8221; tablet_text_alignment=&#8221;default&#8221; phone_text_alignment=&#8221;default&#8221; background_color_opacity=&#8221;1&#8243; background_hover_color_opacity=&#8221;1&#8243; column_backdrop_filter=&#8221;none&#8221; column_shadow=&#8221;none&#8221;&#8230;<\/p>\n","protected":false},"author":1,"featured_media":7114,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[112],"tags":[],"class_list":{"0":"post-7310","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-realizations-en"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - 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