Novatec Solar

Novatec Solar is a German provider of solar boilers using linear Fresnel collector technology based in Karlsruhe. Novatec Solar specialises in turnkey solutions, including the manufacture, supply, and assembly of solar fields.

Timeline

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 completed 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 of electrical output, 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.^{[citation needed]}

Liddell

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