Tuesday, May 08, 2007

Endesa, Faconauto sign solar energy joint venture, to invest up to 20 mln eur

MADRID (Thomson Financial) - Endesa SA and the Spanish Federation for Automobile Concessionaries (Faconauto) have signed an agreement to install solar panels at the Federation's plants through an investment of up to 20 mln eur.

In a statement, Endesa said the panels will cover an area of around 500,000 square metres and generate some 50.5 gigawatt/hour a year.

The move will reduce carbon dioxide emissions at the plants by 17,092 tons a year.

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