Abengoa SA (ABG), the Spanish developer of solar-thermal power plants, will receive $33.6 million in loans from the U.S. Export-Import Bank to buy Dow Chemical Co. heat-transfer fluids for projects on two continents.
The liquids produced by Midland, Michigan-based Dow will be used at two plants in Spain and one in South Africa, according to an e-mailed statement today from the Washington-based bank.
Abengoa, based in Seville, Spain, operates two solar-thermal plants in Logrosan, Spain, and is building two in South Africa’s Northern Cape province, according to the statement. The plants use mirrors to focus sunlight onto tubes containing a heat-absorbing transfer fluid, which drives a steam turbine to produce electricity.
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