Greenbang would like to introduce you to Torresol, or ‘Sun tower’ in English, a company that has a bit of a ‘does what it says on the tin’ approach to naming. Can you guess what they do yet? No, silly, nothing to do with holiday apartments.

Masdar, the company behind an eponymous $15 billion eco-metropolis set to be built in Abu Dhabi, has found a new friend in the Spanish engineering group Sener Grupo de Ingeneria and the two have decided to celebrate their mutual attraction by creating a solar joint venture – the aforementioned Torresol Energy.

Sener will get the lion’s share at 60 percent, 40 percent will lie with Masdar.

Torresol has the happy job of designing, building and operating concentrating solar power plants and will kick off with three of them in Spain worth the not-to-be-sneezed at sum of €800 million. Separately, Masdar has some concentrating solar power plants under development and should have them up and running by 2010.

The pair are promising to introduce new tech in every plant and encourage take up of concentrating solar power plants.

Tags: concentrating solar power, csp, masdar, Sener Grupo de Ingeneria, solar, torresol