Company type | Aktiengesellschaft |
---|---|
Industry | Solar engineering |
Founded | 1986 |
Defunct | 2011 |
Headquarters | , Germany |
Key people | Christoph Wolff (Chairman) Helmut Pflaumer (Supervisory Board Chairman) |
Products | Concentrated solar power−CSP power plants |
Number of employees | 235 [1] |
Website | www |
Solar Millennium was a German company globally active in the renewable energy sector founded in 1998 in Erlangen, Germany, which is specialized in the designing and implementation of solar thermal power plants. The main activities are site selection, project development, planning, design and construction of parabolic trough power plants. [2]
The Federal Financial Supervisory Authority (BaFin) is investigating allegations of insider trading in the company's shares at Solar Millennium. [3] According to a report in the Süddeutsche Zeitung, company founder Hannes Kuhn is said to have bought shares before Utz Claassen's engagement caused the share price to jump. [3] [4]
As a result of the reporting, Hannes Kuhn stretched a sued against the journalists involved and the Süddeutsche Zeitung for around 80 million euros in damages for eight years. Expert said it was a SLAPP. [5] [6]
The company was founded in October 1998 as 'Solar Century Management GmbH' by businessmen Hannes Kuhn. [7] This company was renamed in March 1999, as 'Solar Millennium GmbH'. The corporation was created by transformation in June 1999. The IPO took place in July 2005.
On 21 December 2011, Solar Millennium filed for insolvency. [8]
The first large-scale power plant project by Solar Millennium is the Andasol complex, which consists of three immediately adjacent, essentially identical parabolic trough power plants, Andasol 1 to 3 in southern Spain. [9] In June 2006 the construction of Andasol 1 on the plateau of Guadix in Andalusia was initiated. Andasol 1 ran from October 2008 in test mode and went to the grid in December 2008. It was officially inaugurated not until July 2009 as previous output was not under completely approved regular operation. [10] A virtually identical further parabolic trough power plant "Andasol 2" was constructed right next to Andasol 1 on the plateau of Guadix. The construction started in February 2007, the power plant is connected to the grid since 2009. Even before completion of the plant, the construction of "Andasol 3" began, which will begin[ citation needed ] operation in summer 2011. After the commissioning of the third power plant, parabolic trough plants Andasol 1 to 3, each with a collector surface area of over 500.000 square meters will provide solar power for 500.000 people. Andasol is the first parabolic trough power plant in Europe and to date the largest solar power plant in the world. Meanwhile, Solar Millennium has sold all of its own shares in Andasol 1 and Andasol 2 to other consortia. Andasol 3 is financed jointly by Solar Millennium, Stadtwerke München GmbH, Innogy, RheinEnergie and Ferrostaal.
In May 2008, Solar Millennium won the Energy Globe Award, for the initiation and development of Europe's first parabolic trough power plants, the Spanish Andasol power plants. The jury also selected the Andasol projects as the winning national project for Spain. [11] With the power plants Ibersol [12] and Arenales [13] - 50 MW capacity each - Solar Millennium AG is pursuing further projects in Spain. In December 2008, the construction of a parabolic trough solar field in Egypt was initiated. [14] This solar field is part of the planned hybrid power plant south of Cairo, which had been advertised by the Egyptian government and is supposed to use both solar thermal energy and natural gas. In December 2010, as part of the commissioning of the entire solar field the collectors were aligned with the sun for the first time and the heat energy was fed into the heat exchanger in the power block. Electricity production and feeding to Egyptian power grid will begin in early 2011, as soon as the conventional power plant part with the turbine is put into operation.
In autumn 2010, the administration of U.S. President Barack Obama approved the plan to build a large scale solar power plant in California, the Blythe Solar Power Project. Solar Millennium proposed four solar power plants with a total capacity of 1,000 megawatts, which would have been the largest solar energy facility in the world. The project was to be located in the Colorado Desert near Blythe. On 18 April 2011, US Secretary of Energy, Dr. Steven Chu, offered the Solar Millennium a conditional commitment for a US$2.1 billion loan guarantee. On June 18 government and corporate leaders lifted shovels of dirt to toast the Blythe Solar Power Project in the California desert, 225 miles east of Los Angeles. [15] However the project never began construction and NextEra Energy eventually acquired the site for a proposed PV plant.
The shares of Solar Millennium AG are traded in Germany on the open market since 27 July 2005. They are traded, inter alia, on the Frankfurt Stock Exchange and in the automated trading system Xetra and on Nasdaq.
In May 2010, the merger of its technology subsidiary Flagsol GmbH (Cologne) and participation in the power plant joint venture of MAN Solar Millennium GmbH (Essen) has been completed. With 74.9 percent of the shares, Solar Millennium is still in charge of the joint venture. 25.1 percent are owned by the group Ferrostaal, Essen. The company operates under the name Flagsol GmbH based in Cologne. Further offices are located in Essen, Madrid, Berkeley, Johannesburg and Abu Dhabi. The business is focused on developing the technology for solar thermal power plants and in the area known as EPC (Engineering, Procurement & Construction) for parabolic trough solar fields and power plants.
Also in 2007, Solar Millennium AG, together with the Inner Mongolia Lvneng New Energy Co. Ltd.. based in Hohhot China, established a joint company. Each of the two companies hold 50 percent stake in the new company Inner Mongolia STP Development Co. Ltd. with headquarters in Hohhot. The intention is the development and implementation of the first parabolic trough power plant in China. A feasibility study has been completed, the government plans to appropriate tenders.
2009, the market position has been strengthened in the U.S. through a joint venture with Ferrostaal Inc.. The company, Solar Trust of America, LLC is a full service provider of solar thermal power plants. By bundling all the activities and features in Blythe, Palen, Amargosa and others, there already is a strong project pipeline in the southwestern United States. Inter alia, there are contracts / cooperative agreements or power purchase agreements (PPAs) with Nevada Energy and Southern California Edison (SCE), two of the largest electricity producers in the U.S., for various projects in the U.S..
In December 2011, the company announced it was bankrupt and undergoing insolvency proceedings. [17]
Solar thermal energy (STE) is a form of energy and a technology for harnessing solar energy to generate thermal energy for use in industry, and in the residential and commercial sectors. Solar thermal collectors are classified by the United States Energy Information Administration as low-, medium-, or high-temperature collectors. Low-temperature collectors are generally unglazed and used to heat swimming pools or to heat ventilation air. Medium-temperature collectors are also usually flat plates but are used for heating water or air for residential and commercial use.
A parabolic trough collector (PTC) is a type of solar thermal collector that is straight in one dimension and curved as a parabola in the other two, lined with a polished metal mirror. The sunlight which enters the mirror parallel to its plane of symmetry is focused along the focal line, where objects are positioned that are intended to be heated. In a solar cooker, for example, food is placed at the focal line of a trough, which is cooked when the trough is aimed so the Sun is in its plane of symmetry.
Solar Energy Generating Systems (SEGS) is a concentrated solar power plant in California, United States. With the combined capacity from three separate locations at 354 megawatt (MW), it was for thirty years the world's largest solar thermal energy generating facility, until the commissioning of the even larger Ivanpah facility in 2014. It was also for thirty years the world's largest solar generating facility of any type of technology, until the commissioning of the photovoltaic Topaz Solar Farm in 2014. It consisted of nine solar power plants in California's Mojave Desert, where insolation is among the best available in the United States.
Nevada Solar One is a concentrated solar power plant, with a nominal capacity of 64 MW and maximum steam turbine power output up to 72 MW net (75 MW gross), spread over an area of 400 acres (160 ha). The projected CO2 emissions avoided are equivalent to taking approximately 20,000 cars off the road. The project required an investment of $266 million USD, and the project officially went into operation in June 2007. Electricity production is estimated to be 134 GWh (gigawatt hours) per year.
Solel Solar Systems Ltd. was an Israeli solar thermal equipment designer and manufacturer based in Beit Shemesh, Israel. Solel made equipment for solar thermal power plants, facilities that used the sun's heat to create steam and turn an electricity generator.
The Hassi R'Mel integrated solar combined cycle power station is an integrated solar combined cycle (ISCC) power station near Hassi R'Mel in Algeria. The plant combines a 25 MW parabolic trough concentrating solar power array, covering an area of over 180,000 m2, in conjunction with a 130 MW combined cycle gas turbine plant, so cutting carbon emissions compared to a traditional power station. The output from the solar array is used in the steam turbine.
The Andasol solar power station is a 150-megawatt (MW) concentrated solar power station and Europe's first commercial plant to use parabolic troughs. It is located near Guadix in Andalusia, Spain, and its name is a portmanteau of Andalusia and Sol. The Andasol plant uses tanks of molten salt as thermal energy storage to continue generating electricity, irrespective of whether the sun is shining or not.
Verbund AG, formerly known as Verbundgesellschaft or Österreichische Elektrizitätswirtschafts-AG, is Austria's largest electricity provider. Verbund covers around 40 percent of electricity demands in Austria and generates 90 percent thereof from hydro power. In addition, Verbund operates the supraregional power grid through its subsidiary APG. Verbund AG is listed on the Vienna Stock Exchange and in the ATX, the key index of Austrian stock-listed companies. The largest shareholder, at 51%, is the Republic of Austria.
Ferrostaal is a German-owned industrial services company. It has 4,400 employees and an annual turnover of around 1.6 billion euros (2008), and has a market presence in around 40 countries. The company's activities are focused in two areas: Projects and Services. In 2009, the International Petroleum Investment Company (IPIC) of Abu Dhabi took over 70% of the shares of Ferrostaal AG from MAN AG, Munich. Due to the acquisition of the majority shares, the company entered the commercial register as Ferrostaal, signifying its separation from the MAN Group.
The Solana Generating Station is a solar power plant near Gila Bend, Arizona, about 70 miles (110 km) southwest of Phoenix. It was completed in 2013. When commissioned, it was the largest parabolic trough plant in the world, and the first U.S. solar plant with molten salt thermal energy storage. Built by the Spanish company Abengoa Solar, the project can produce up to 280 megawatts (MW) gross, supplied by two 140 MW gross (125 MW net) steam turbine generators: enough electricity to meet the needs of approximately 70,000 homes and obviate the emission of roughly 475,000 tons of CO2 every year. Its name is the Spanish term for "sunny spot".
Concentrated solar power systems generate solar power by using mirrors or lenses to concentrate a large area of sunlight into a receiver. Electricity is generated when the concentrated light is converted to heat, which drives a heat engine connected to an electrical power generator or powers a thermochemical reaction.
Torresol Energy is a company dedicated to developing renewable energy and alternative energies, focusing on concentrated solar energy. It is based in the city of Getxo in Biscay Province (Vizcaya), in the Basque Country of northern Spain.
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The Valle Solar Power Station is a two adjacent twin 50 MW solar thermal power plants in San José del Valle, Cádiz, Spain, near the border with the Arcos de la Frontera (north) and the Jerez de la Frontera (west) municipalities, in the comarca of the Campiña de Jerez, a county with no administrative role.
The Blythe Mesa Solar Power Project, also known as the Blythe Solar Energy Center, is a 235 megawatt (MWAC) photovoltaic power plant near the city of Blythe in Riverside County, California. It occupies about 2,000 acres of public land managed by the Bureau of Land Management in the Mojave Desert. The construction uses CdTe thin film panels from the U.S. firm First Solar, and the majority of the output is being sold to Kaiser Permanente and Southern California Edison under 20-year power purchase agreements.
Solarlite CSP Technology GmbH is located in Mecklenburg-Pomerania, Germany. Solarlite develops decentralized solar-thermal parabolic trough power plants and process heat plants.
Solar Trust of America was an integrated solar industrial solutions company founded in 2009 and based in Oakland, California. The company was developing the Blythe Solar Power Project, the largest solar plant in the world in the Mojave Desert, among other projects. The company was noted for having turned down a $2.1 billion loan guarantee by the Department of Energy (DOE) for the construction of the Blythe project. Uwe T. Schmidt was CEO. On April 2, 2012, the company filed for Chapter 11 bankruptcy protection.
WIRSOL Solar AG is an international solar energy provider, specialized in the planning, financing, construction and maintenance of solar power plants of any size. The headquarters of the company is in Germany. Further company offices are located in Spain, Italy, Great Britain, Belgium, Switzerland, Canada, USA, China, Malaysia and the Maldives.
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