GE Energy Financial Services has teamed up with investment firm KGAL to finance a concentrated solar power plant built by construction and technology firm ACS.
GE Energy Financial Services, the corporate venturing unit belonging to US-based energy company General Electric, and KGAL, an investment firm backed by several Germany-based banks, agreed on Friday to jointly invest €111.1m ($155.6m) in a concentrated solar power plant in Spain.
The Extresol II plant, which uses molten salt energy storage, is situated in the Badajoz region of Spain and was constructed by Spain-based construction and technology company ACS. The funding marks the first investment GE has made in a…
