Novatec Solar

Novatec Solar is a German provider of solar boilers based on linear Fresnel collector technology based in Karlsruhe. Novatec Solar specialises in turnkey delivery including manufacture, supply, and assembly of solar fields. In March 2011, ABB acquired 35% of Novatec Solar.[1][2][3] In April 2013, ABB sold its stake in Novatec Solar to existing shareholder Transfield Holdings. After the transaction, Transfield owned approximately 85% of Novatec Solar.[1]

In November 2014, Novatec announced to its bondholders that due to financial problems it was seeking a restructuring of its debt.[2] Andreas Wittke (CEO) and Oliver Mundle (CFO) resigned their positions in the same month.[4]

Projects

Novatec Solar has realized three projects with its linear Fresnel technology.

Puerto Errado 1

Puerto Errado 1, located in southern Spain's Calasparra, was connected to the grid in 2009. With a capacity of 1.4 MW electric it was the first commercial Fresnel power plant in the world. It has a mirror surface of 18,000 m² divided in two collector rows with a length of 800 m each.

Puerto Errado 2

Puerto Errado 2 is located next to Puerto Errado 1 in southern Spain. It has a capacity of 30MW electric and a mirror surface of 300,000 m² and is in commercial operation since 2012.

Liddell

The Liddell solar field was contracted in 2010. It has a capacity of 9MW thermal and was used as a fuel saver for the Liddell Power Station.

gollark: Stuff seems to be lagging beyond all usability, and the AP has uncommonish and 4d2h eggs just *sitting* there.
gollark: 150?!
gollark: They're everywhere.
gollark: 137 now!
gollark: Yes, exactly, wait and get all the hatchlings.

References
  1. "ABB investment sharpens solar focus". ABB. 2011-03-16. Retrieved 2012-10-21.
  2. Hackley, Randall (2011-03-16). "ABB Buys 35% of Germany's Novatec Solar With Option to Buy All". Bloomberg. Retrieved 2012-10-21.
  3. Stromata, Karl-Erik (2012-03-13). "Solar Millennium ex-boss gets top job at ABB-backed Novatec". Recharge. Retrieved 2012-10-21.
  4. "Novatec Management Departure, Debt Restructure" (PDF). 2014-11-21. Retrieved 2015-01-31.
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