Isolux Corsán Builds the Largest Photovoltaic Solar Power Plants in the UK

MADRID, September 21, 2011 -

• The project comprises three power plants with 15 MW installed capacity, online since mid-July, and a capex of approximately €40m

• The power plants are located in Cornwall and were built on a tight schedule of just 10 weeks

• With these facilities, the Group consolidates its leadership in photovoltaic energy projects world-wide, having accumulated 290 MW in the last three years

Madrid, 21rst September 2011.

Isolux Corsán has successfully finished building and commissioning three photovoltaic solar power plants on a budget of approximately € 40m. They are currently considered to be the largest in the United Kingdom, with a total installed capacity of 15MW.

The three solar power plants are located in Langform, Churchtown and Manor, where 22,000 crystalline modules are set on fixed arrays, each with 5MW installed capacity. The company delivered them after completing their engineering, procurement and construction (EPC). Development and investment was arranged by Banco Santander and a local partner.

This project is Isolux Corsán’s first photovoltaic venture in the UK. It was rolled out in less than ten weeks. The link-up with the Western Power Distribution electricity grid was established before the latest change in regulations this summer, which reduced photovoltaic feed-in tariffs in the UK. The Group has already shown its ability to complete major infrastructure projects in record time. It built the 72-MW Rovigo PV power plant, the largest in Europe, in just eight months.

With this new venture, Isolux Corsán has reaffirmed its leadership amongst the major builders of photovoltaic solar plants in the world, accumulating a total installed capacity of 290 MW already online. The company’s development of photovoltaic projects starts with processing the licences and paperwork, goes on to the engineering and the construction, and stretches to the commissioning and then the maintenance of the infrastructure throughout its operational life.

Its excellence in project management and engineering is recognised by the principal official certification bodies for R&D (UNE 166002), quality (ISO 9001), environmental management (ISO 14001) and occupational health and safety (OSHAS 18001).

About Isolux Corsán

Isolux Corsán is a global benchmark in the construction, power, concessions and industrial services industries.  The company operates in 26 countries on four continents. It is the largest unlisted Spanish business group in the construction and public-works sector.  Its core growth businesses are energy, toll road and car park concessions, plus the construction of major infrastructure projects.  Isolux Corsán’s subsidiary, Isolux Infrastructure, operates over 5,500 kilometres of power lines in India, Brazil and the USA, and more than 1,600 kilometres of toll roads in Brazil, India, Mexico and Spain. The Group also runs 21,000 car-parking spaces under concession and has proven expertise in building and maintaining major infrastructure projects: toll roads, railways, civil works, hydro-electrical and maritime engineering and residential and non-residential building. In the power industry, Isolux Corsán is one of the largest EPC project suppliers for photovoltaic energy, with over 290 MW under operation in 2010. It ranks amongst the major construction companies building EPC generation plants, with 1,500 MW under construction, and also has an outstanding track record in industrial processes, with turnkey projects in the oil & gas and biofuel industries. In 2010, under the chairmanship of Luis Delso, the company reported over €3,240m revenues; an EBITDA of €311m and a backlog worth €30,180m.

Communication manager: Isabel Saracho, isaracho at isoluxcorsan.com ; Press office: Macarena Ramírez (+34-91-449-32-93) , ramirez at isoluxcorsan.com