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Abengoa to build solar power plant with Masdar
- United Arab Emirates: Wednesday, June 09 - 2010 at 09:08
Spanish engineering firm, Abengoa plans to join Abu Dhabi's renewable energy company, Masdar, in building the Middle East's first major solar power plant, Bloomberg has reported, citing two sources. Abengoa will join Masdar and Total on the project, signing contracts as early as today in Abu Dhabi, according to the news provider. The project, named Shams 1, will cost $500m to $700m and will generate about 100 megawatts of power on the outskirts of Abu Dhabi.
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