Examples of using Andasol in English and their translations into German
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These were used in our Andasol 3 power plant.
The Andasol 3 power plant is made up of approximately 205,000 parabolic reflectors which collect the sunlight.
The Erlangen-based company started the Andasol 1 project development in the late 1990s.
Andasol 3 is being realized by Stadtwerke München, RWE Innogy, RheinEnergie Ferrostaal and Solar Millennium.
Therefore, the Board of Directors expects steady sales from the construction of Andasol 3 over the course of the entire fiscal year.
After completion of the Andasol 3 power plant, some 210,000 parabolic mirrors will absorb the sunlight.
For the remainder of the fiscal year, Solar Millennium seeks to establish a shareholdingstructure for the Ibersol project which is similar to that of Andasol 3.
The investors in Andasol 3 are the Stadtwerke München, Ferrostaal, Solar Millennium, RWE Innogy and RheinEnergie.
Solar Millennium, Ferrostaal and their joint venture Flagsol as well as the Spanish Duro Felgueraformed a consortium that acts as general contractor for Andasol 3.
In addition, the sale of stakes in the Andasol 1 and 2 solar-thermal power plants that was postponed last year, is to be realized now and will take place within the next few weeks.
The plants will apply parabolic solar trough technology,similar to that of Andasol 1 and Solnova 1 and 3 projects.
The sale of stakes in Andasol 1 and 2, which had already been planned for the last fiscal year, has now been realized and will be shown as an extraordinary effect in the financial statements of 31 October 2009 as planned.
Moreover, the closed endfund issued in autumn 2009 in connection with the Andasol 3 power plant(effectively equivalent to a sale of stakes) made another important contribution to sales.
Oliver Blamberger, CFO of Solar Millennium:"Besides the performed sales, we are planning furthersales of stakes to investors following the example of Andasol 3 as provided for by our business model.
In addition to the sale of stakes in Marquesado Solar S.L.,the project company of the Andasol 3 power plant that is still under construction, stakes in the project company Ibersol Electricidad Solar Ibérica S. L.
Andasol 2 is additionally equipped with a heat storage, which mean that the availability of electricity can be planned in advance, enabling electricity to be provided to the Spanish high voltage grid even after sunset.
After registration with the authorities,which is expected to take place by the end of September for Andasol 3, the full feed-in tariffs will be guaranteed provided that the power plant is connected to the grid within the following 36 months.
The stakes in Andasol 1 and 2 held by the Solar Millennium Group of 25 percent each were sold to the Spanish ACS/Cobra Group yesterday.
After Solar Millennium has taken the pioneering role in Spain with the initiation and development of the parabolic trough power plants Andasol 1 to 3, the Group has now also supplied the technology for Egypt's first parabolic trough plant.
This includes the sale of stakes in Andasol 1 and 2 and the involvement of the major investors Stadtwerke München, RWE Innogy and RheinEnergie in the Andasol 3 project, which is already under construction.
Most of the sales contributions in the total operating performance came from the sale of stakes and of participation rights in the Spanish solar power plant project Ibersol and the engineering andpower plant construction of the Andasol 3 solar-thermal power plant.
Particularly the sale of stakes in the Andasol 1, 2 and 3 power plants, as well as cash flows from project development work completed for Andasol 3 resulted in a considerable inflow of liquidity during the last few months.
This applies for the solar field of the Kuraymat power plant in Egypt, the Andasol projects, particularly the continuation of construction at Andasol 3 and the construction start of Ibersol in Spain as well as the construction of a third party project.
The preregistration for Andasol 3 and Ibersol announced by the Spanish Minister of Economy in November, which is the precondition for being granted the guaranteed feed-in tariffs, has established a sound basis for the realization of our business targets in the next two years.
Through this fund investors acquire and hold a profit participation right in the Andasol 3 Kraftwerks GmbH, which in turn holds a 13% stake in the power plant company for the Spanish solar thermal power plant Andasol 3.
The successful sale of stakes in the Andasol 1, 2 and 3 solar power plants to external investors and the sale of the Andasol Fund should entail an additional liquidity inflow of presumably more than EUR 100 million across the different reporting periods.
Christian Beltle, the Chairman of the Board, says,"The inclusion of NEO Energía in Andasol 3 and the cooperation agreement for several large-scale solar-thermal power plants has greatly strengthened our long-term market position on the Iberian Peninsula.
The sale of 50 percent of stakes in the project company of Andasol 3 in the context of the deconsolidation of Solar Millennium Beteiligungen GmbH should not have been allocated to the 2005/2006 consolidated financial statements but instead should have been recognized in the 2008/2009 consolidated financial statements.
November 2009 Today the Spanish Minister of Industry, Miguel Sebastián,announced that the Andasol 3 and Ibersol power plant projects, developed by Solar Millennium AG(ISIN DE0007218406), will obtain the pre-registration required to receive the Spanish feed-in tariff.