Masdar, Total and Abengoa Launch Shams 1, the World’s Largest Concentrated Solar Power Plant in Operation

  Masdar, Total and Abengoa Launch Shams 1, the World’s Largest Concentrated
  Solar Power Plant in Operation

 The inauguration of Shams 1, a 100-megawatt solar thermal plant, is a major
milestone in the development and deployment of renewable energy in the Middle
                                     East

Business Wire

ABU DHABI, United Arab Emirates -- March 17, 2013

Masdar, along with its partners, today launched Shams 1, the largest
concentrated solar power plant (CSP) in operation in the world. Masdar, Abu
Dhabi’s renewable energy company, partnered with French energy company Total
and Spain’s energy infrastructure company Abengoa. The 100-megawatt
solar-thermal project will power thousands of homes in the United Arab
Emirates and displace approximately 175,000 tons of CO₂ per year. The US $600
million project took three years to build.

“The inauguration of Shams 1 is a major breakthrough for renewable energy in
the Middle East,” said Dr. Sultan Ahmed Al Jaber, CEO of Masdar. “Just like
the rest of the word, the region is faced with meeting its rising demand for
energy, while also working to reduce its carbon footprint. Shams 1 is a
significant milestone, as large-scale renewable energy is proving it can
deliver electricity that is sustainable, affordable and secure.”

Located in the UAE’s Western Region, in the emirate of Abu Dhabi, Shams 1 was
designed and developed by Shams Power Company, a joint venture between Masdar
(60 percent), Total (20 percent) and Abengoa Solar (20 percent). With the
addition of Shams 1, Masdar’s renewable energy portfolio accounts for almost
68 percent of the Gulf’s renewable energy capacity and nearly 10 percent of
the world’s installed CSP capacity.

“Abu Dhabi is investing and incubating a new energy industry, domestically and
internationally,” said Dr. Al Jaber. “Through Masdar, the UAE is redefining
the role it plays in providing the world with energy. From precious
hydrocarbon exports to sophisticated renewable energy systems, we are
balancing the energy mix and diversifying our economy – moving toward a more
sustainable future. Today, the UAE is the only OPEC nation delivering both
hydrocarbons and renewable energy to the international market.”

Shams 1 is an example of how collaboration between companies can achieve
large-scale, clean-energy solutions that help meet the world’s growing energy
demands.

“As a long-lasting partner of Abu Dhabi, we are particularly proud to have
been part of the challenging adventure that was Shams 1 construction. This is
a major step in the process of transforming the capabilities of solar power in
the region,” said Christophe de Margerie, chairman and CEO of Total. “We share
Abu Dhabi’s vision that renewables have a promising future alongside fossil
energies. Total is today a world leader in solar industry. As such, we are
pleased to accompany the Emirate in the diversification of its energy mix.”

Covering an area of 2.5 km², or 285 football fields, Shams 1 generates
electricity to power 20,000 homes in the UAE. Also, because solar power is
generated during peak demand, the UAE is able to reduce the need for “peak
shaving” generators, which are expensive and idle most of the year.

“The Middle East holds nearly half of the world’s renewable energy potential,”
said Santiago Seage, CEO of Abengoa Solar. “The abundance of solar energy is
an opportunity to integrate sustainable, clean sources of power that address
energy security and climate change. The region needs more projects like Shams
1, and we look forward to pushing the boundaries of future energy.”

Incorporating the latest in parabolic trough technology, Shams 1 features more
than 258,000 mirrors mounted on 768 tracking parabolic trough collectors. By
concentrating heat from direct sunlight onto oil-filled pipes, Shams 1
produces steam, which drives a turbine and generates electricity. In addition,
the solar project uses a booster to heat steam as it enters the turbine to
dramatically increase the cycle’s efficiency. The project also includes a
dry-cooling system that significantly reduces water consumption – a critical
advantage in the arid desert of western Abu Dhabi.

*Source: ME NewsWire

Contact:

Masdar
Omar Zaafrani, +971-2- 653-3333
ozaafrani@masdar.ae
or
Total
Florent Segura, +336-1705-6128
florent.segura@total.com
or
Abengoa
Communications Department
Patricia Malo de Molina Meléndez, +34-95493-71 11
communication@abengoa.com
or
Investor Relations
Bárbara Zubiría Furest, +34-954 937-111
ir@abengoa.com
 
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