Tag: Mubadala Development Co.
Deal of the Year Award 2009
The financing obtained by Torresol Energy (the joint venture between Masdar, a wholly-owned subsidiary of the Mubadala Development Co., and SENER, an international multidiscipline engineering company) for the construction of the Valle 1 and Valle 2 Concentrated Solar Power (CSP) plants (in Cadiz, Andalusia) has received the ‘Deal of the Year 2009’ award in the ‘Clean Technology’ category, as part of the ‘Project Finance Deal of the Year’ awards given by the Euromoney agency, which publishes the sector’s reference journal, Project Finance.
Concentrated Solar Power plants
Torresol Energy, a joint venture between Masdar, a wholly-owned subsidiary of the Mubadala Development Co., and SENER, an international multidiscipline engineering company, with offices in Abu Dhabi, has secured USD 760 million project finance loans for the construction of its twin Concentrated Solar Power (CSP) plants - Valle 1 and Valle 2 - in Andalucía, Spain.
Caspian Sea exploration and production
KazMunaiGas has signed a memorandum of understanding with ConocoPhillips and Mubadala Development Co. for joint exploration and production of the N Block in the Caspian Sea.
