STOCKS NEWS EUROPE-Solar Millennium up on Andasol 3 plant

Fri Jul 10, 2009 1:38pm BST
 
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Shares in German solar thermal company Solar Millennium (S2MG.DE) rise 9.4 percent after RWE (RWEG.DE) says its Innogy unit and a consortium will build a solar power plant called Andasol 3 in southern Spain that was developed by the company. "Solar Millennium shares certainly benefit from that news today," says WestLB analyst Sebastian Zank.

Solar Millennium already helped develop the Andasol 1 unit of the same size, Europe's first such plant, which was inaugurated in July, while unit 2 is under construction.

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