[1][2][3] In April 2013, ABB sold its stake in Novatec Solar to existing shareholder Transfield Holdings.
[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.
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.